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Lot 10

Commercial Investment – 3 Adjoining Leasehold Buildings
By order of Trustees
6 Week Completion

Situation

Located close to the junction with Barnfield Road in this established shopping centre, amongst such multiples as Costa Coffee, Poundland, Paddy Power, Ladbrokes, Merkur Slots, Oxfam, Poundstretcher, Coral and a host of established traders being within close proximity of Burnt Oak Underground Station (Northern Line).
Burnt Oak is a popular north-west London suburb located approximately 9 miles from central London with good access to the M1 and M25 motorways.

Property

Forming part of a shopping parade comprising 3 Adjoining Buildings:

• No. 134: Ground Floor Shop with separate front access to 2 Flats (one of which is self-contained) on first and second floors.
• No. 136: Ground Floor Shop with separate front entrance to a Self-Contained Office on first and second floors.
• No. 138: Ground Floor Shop with separate front entrance to a Self-Contained Flat on first and second floors.

In addition:

• The property includes a Large Self-Contained Single Storey Ground Floor Extension which spans the entire rear of the property and is accessed from a rear service road.
• The ground floor shops of Nos. 136 and 138 intercommunicate.

Virtual Tour

Click here to view the video tour of the 1^st Floor at No. 134.
Click here to view the video tour of the 2nd Floor at No. 134.
Click here to view the video tour of the 1st & 2nd Floor at No. 136.
Click here to view the video tour of the 1st & 2nd Floor at No. 138.

VAT is NOT applicable to this Lot

Tenure

Held under 3 Head Leases as follows:

• No. 134: Leasehold for a term of 99 years from 25th March 1926 expiring 24th March 2025 (thus having approx. 8 months unexpired) at a total fixed ground rent of £25 p.a.
• No. 136: Leasehold for a term of 99 years from 25th March 1926 expiring 24th March 2025 (thus having approx. 8 months unexpired) at a total fixed ground rent of £25 p.a.
• No. 138: Leasehold for a term of 99 years from 25th March 1926 expiring 24th March 2025 (thus having approx. 8 months unexpired) at a total fixed ground rent of £25 p.a.

Enquire about this lot:

JOINT AUCTIONEER:
Maunder Taylor
Tel: 020 8446 0011 Ref: Ian Hunt
ian.hunt@maundertaylor.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.

134, 136 & 138 Burnt Oak Broadway, Burnt Oak, Middlesex HA8 0BB