Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 9 Click here for addendum

Freehold Commercial Investment – Gross Yield 10%
6 Week Completion

Situation

Occupying a prominent position close to the junction with Whitchurch Lane in this popular retail thoroughfare, nearby multiples such as William Hill, Domino's and Cake Box and a variety of independent traders, as well as being just a short walk from Edgware Underground Station (Northern Line).
Edgware is a sought-after area approximately 9½ miles north-west of central London and benefitting from excellent transport links via the A41 and the M1 (Junction 4).

Property

An attractive detached building comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage 19'1"
Internal Width 17'5"
Shop Depth 10'11"
Built Depth 12'8"
WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a repairing and insuring lease to Coco London Limited (Waffles & Crepes - visit: www.coco-london.co.uk) for a term of 5 years from 22nd August 2022 (excl. s24-28 of L & T Act 1954) at a current rent of £15,000 per annum exclusive.

There is a £5,000 Rent Deposit held.

*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.

105a High Street, Edgware, Middlesex HA8 7DB