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Lot 47 Click here for addendum

6 Week completion

SITUATION

In a busy main road position in the Office Sector of the town only a minute's walk from the intersection with High Street and its multiple shopping facilities and close to a Majestic Wine Warehouse, Office Outlet and Royal Mail Sorting Office.
Epsom is a busy and prosperous suburban town located approximately 7½ miles south of Kingston-upon-Thames and 16 miles south-west of central London and enjoys excellent road access via the M25 (Junction 9) and the A24.

PROPERTY

Forming part of this established parade comprising a Ground Floor Shop.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 11'11"
Internal Width 10'0"
Shop Depth 24'1"
Built Depth 28'1"
WC

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 999 years from completion at a Peppercorn ground rent.

TENANCY

The property is let on an effectively full repairing and insuring lease to Mr E Gjokaj t/a Bridges Barbers for a term of 15 years from 3rd January 2018 at a current rent of £12,500 per annum exclusive.

Rent Reviews 2023 and 2028

Tenant's Break January 2023

£3,125 Rent Deposit held.

Note: The lessee is currently fitting out and is scheduled to open on the 10th February.

*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.

10D East Street, Epsom, Surrey KT17 1HH