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Lot 2

IN THE SAME OWNERSHIP FOR OVER 55 YEARS
POTENTIAL DEVELOPMENT SITE
6 Week completion

SITUATION

Located close to the junction with Argyle Gardens and only a short 5 minute walk from the main retail parade amongst multiples such as Waitrose, Pizza Hut, Pizza Express, Barclays Bank and Nationwide.
Upminster is a popular commuter town located some 15 miles east of the City of London and 4 miles south-east of Romford, enjoying excellent road access via the A124 which links with the M25 motorway.

PROPERTY

Comprising a Rectangular Site with a total area of approx. 5,100 sq ft previously occupied as a builders supplier with ancillary accommodation. The property consists of a central yard, forecourt and 5 buildings, 3 of which are open sided breezeblock structures with concrete floors, 1 two storey detached former house and 1 single storey semi-detached retail office building. The property also benefits from central gates enabling vehicles to access the yard.

ACCOMMODATION

Site Frontage 59'3"
Site Depth 87'8"
Site Area Approx. 5,100 sq ft

Left Retail/Office Building Approx. 642 sq ft
Right House Ground & First Approx. 643 sq ft
Rear Building 1 Approx. 734 sq ft
Rear Building 2 Approx. 366 sq ft
Rear Building 3 Approx. 395 sq ft
WC

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note: In the Auctioneer's opinion the site would be suitable for redevelopment to flats and/or houses, subject to obtaining the necessary consents.

Planning enquiries can be made to the London Borough of Havering - Tel: 01708 434 343.

*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 £1,000 plus 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.

307/309 St Mary’s Lane, Upminster, Essex RM14 3DA