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Lot 9

Freehold Commercial/Residential Investment – Shop & 2 Flats
In same family ownership for 50 years
6 week completion

situation

Located close to the junction with Thirsk Road being just a short walk from the High Street (B266) whereby a host of both multiple and local shopping facilities can be found. Selhurst Park (Crystal Palace Football Stadium - see Note 1) is approx. ¼ mile distant located further down Whitehorse Lane and Thornton Heath Railway Station is within easy reach.
Thornton Heath lies approx. 10 miles south-east of central London.

PROPERTY

A mid terraced building comprising a Ground Floor Shop together with a separate Self-Contained Studio Flat to the rear of the ground floor and a Self-Contained Flat on first and second floor levels, both with separate rear access.
The property includes a front forecourt (9'0" Deep), rear yard and a shared rear alleyway providing access to the flats.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'4"
Internal Width 15'2"
Shop Depth 26'3"
WC
Ground Floor Studio Flat
Studio Flat
First & Second Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Ms S.F. Hussain for a term of 10 years from 2nd September 2019 at a current rent of £19,500 per annum exclusive (see Note 2).

Rent Review and Tenant's Break September 2024

Landlord's Rolling Break from September 2023 (on 6 months' notice) only for rebuild, refurbishment or reconstruction.

Note 1: Selhurst Park is set to undergo significant development which will see the Stadium's capacity increase from 26,000 to 34,000. This development will see changes made to the Holmesdale Road Stand as well as the Whitehorse Lane Stand. As well as increasing the already immense footfall the area experiences on a match-day, this development should improve the area considerably.

Note 2: We understand that the tenant sub-lets the shop to a Hair and Beauty Salon at £10,200 p.a. as well as subletting the ground floor studio flat at £9,600 p.a. and the first and second floor flat at £15,900 p.a. - all exclusive, but inclusive of electric, gas and water.

Note 3: Nos. 21, 23 & 27/29 Whitehorse Lane are also being offered for sale in this auction - see Lots 7, 8 & 10.

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*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

25 Whitehorse Lane, Thornton Heath, London SE25 6RD