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Lot 33Sold: £200,000

242 Wickham Road, Shirley, Croydon, Surrey CR0 8BJ

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Lot 33 details

6 Week completion

SITUATION

Occupying a prominent corner position within this local shopping centre on the main Wickham Road, opposite a Co-Op and a number of established local traders all serving the surrounding residential area. Shirley lies approx. 2 miles east of Croydon town centre and just over 3 miles south-west of Bromley with good transport links via the M25 (Junction 6) to the south.

PROPERTY

A corner building comprising a Ground Floor Shop beautifully fitted as a vintage barber benefitting from side access to an enclosed yard.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 20'10"
Internal Width 18'9"
Shop Depth 26'8"
Built Depth 41'6"
Rear Kitchen Approx. 100 sq ft
WC
Yard Approx. 75 sq ft

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 999 years from 25th December 2017 at a peppercorn ground rent.

TENANCY

The property is let on a full repairing and insuring lease by way of service charge to R. Sarfraz & M. R. Hussaini as a Barbers for a term of 15 years from 13th September 2017 (see Note 1) at a current rent of £15,000 per annum exclusive.

Rent Reviews 2022 and 2027

Note 1: M. R. Hussaini has been working from the shop since 2013.

Note 2: £3,750 Rent Deposit held.

Enquire about this lot:

Photo of STEVEN GROSSMAN

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of JONATHAN ROSS

Jonathan Ross
020 8492 9449
jross@barnettross.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 Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 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.