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Lot 2

Commercial Investment – Gross Yield 10.7%’
In same ownership for approx. 28 years
6 Week Completion

Situation

Located close to the junction with Cardinal Avenue in the heart of this well-known town centre amongst such multiples as Iceland, Paddy Power, Holland & Barrett, Subway, KFC, Boots and Coral and a host of other multiple and independent retailers.
Borehamwood and Elstree is famous for its film making industry and is a popular commercial and residential area lying 11 miles north-west of central London, within easy reach of the M1 (Junction 4) and the M25 (Junction 23).

Property

Forming part of a terrace building comprising 2 Ground Floor Shops. In addition, No. 120 includes Parking for at least 1 car to the rear of the property accessed via a service road.

VAT is NOT applicable to this Lot

Tenure

No. 118: Leasehold for a term of 999 years from 24th March 1996 at a peppercorn ground rent.
No. 120: Leasehold for a term of 999 years from 24th March 1996 at a peppercorn ground rent.

*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.

118 & 120 Shenley Road, Borehamwood, Hertfordshire WD6 1EF