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Lot 8 Click here for addendum

Commercial/Residential Investment – 2 Half Shops (plus Dentist and 2 Flats each sold-off) – Gross Yield 11.3%
6 Week Completion

Situation

Located on a prominent position on this established retail thoroughfare amongst a host of multiple retailers including Marks & Spencer, Costa, Iceland, Boots, WH Smith and Tesco Express.
Mill Hill Broadway Rail Station (Thameslink) is just a few hundred yards distant with direct access to King's Cross St Pancras International.
Mill Hill is a popular and affluent residential suburb situated some 10 miles north-west of central London with easy access to the M1 (Junction 4) and M25 (Junction 23).

Property

An end of terrace building comprising 2 Half Shops together with a separate front entrance to a Dental Surgery on the first floor and 2 Self-Contained Flats on the second and third floors.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 25th December 1977 at a peppercorn ground rent (thus having approx. 952½ years unexpired).

Note: In accordance with s5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction.

*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.

42a & 42b The Broadway and 1, 3 & 3a Broadway House, Mill Hill, London NW7 3LH