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Lot 15 Click here for addendum

Commercial/Residential Investment – Shop & Flat
6 Week Completion

Situation

Located close to the junction with Romeland, nearby the Town Hall and amongst a variety of independent traders. In addition, the property is approximately 150 yards from Waltham Abbey Church which was built in 1030 and is one of the oldest churches in this part of the country and it is where King Harold is buried.
Waltham Abbey is just north of the M25 (Junction 26) and is approximately 16 miles north of Central London.

Property

An end of terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained 2 Bed Flat on the first floor. The property includes a rear parking area.

Accommodation

Ground Floor Shop
Gross Frontage 18'10”
Internal Width 17'0”
Shop Depth 26'0”
Built Depth 38'9”
WC
First Floor Flat¹
Believed to be 2 Bedrooms, Living Room, Kitchen, Bathroom/WC
(GIA of flat Approx. 635 sq ft)

¹Not inspected by Barnett Ross. Area taken from EPC.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease (excl. flat roof only at rear first floor) to Ray Harris Design Limited (Kitchen and Bedroom design and installations) for a term of 10 years from 3rd May 2019 (in occupation since 2009) at a current rent of £14,000 per annum exclusive.

Rent Review & Tenant's Break May 2024

Note: The adjacent property (Nos. 19/19a) is also being offered for sale in this auction - see Lot 14.

Enquire about this lot:

JOINT AUCTIONEER:
Williamson Dace Brown
Tel: 020 8886 4407 Ref: Thomas Dace
thomas@wdbproperty.co.uk

*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.

21/21a Highbridge Street, Waltham Abbey, Essex EN9 1BZ