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Lot 4 Click here for addendum

Freehold Commercial/Residential Investment – Shop & Flat
6 Week Completion

Situation

Located close to the roundabout with Kenton Lane and Clamp Hill in this well established retail parade nearby a Miller & Carter Steakhouse, a Premier Convenience Store and a variety of independent traders.
Stanmore is a prosperous suburb of north London, located between Edgware and Hatch End enjoying excellent transport links via Stanmore and Canons Park Underground Stations (Jubilee Line) and nearby the A41 and the M1 (Junction 4), approximately 10 miles from central London.

Property

A mid terrace building comprising a Ground Floor Shop with separate front and rear access to a Self-Contained Flat on the first and second floors with gas central heating. In addition, the property includes a 12'6” deep forecourt.

Accommodation

Ground Floor Shop
Gross Frontage 19'0”
Internal Width 15'3”
Shop Depth 26'10”
Built Depth 34'0”
WC
First & Second Floor Flat
First Floor: 2 Rooms, Kitchen, sep. WC
Second Floor: 3 Rooms, Bathroom/WC
(GIA of Flat Approx 990 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Parkers Residential Limited (with 2 personal guarantors) as Estate Agents for a term of 10 years from 6th February 2016 at a current rent of £20,000 per annum exclusive.

Note: The flat is sublet at £20,040 p.a. (£1,670 pcm).

Click here to view the floor plan of the flat.

*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.

83/85 Uxbridge Road, Stanmore, Middlesex HA7 3NH