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Lot 4Sold: £290,000

137 Milne Park East, New Addington, Surrey CR0 0BF

  • Photo1

Lot 4 details

ON BEHALF OF EXECUTORS
6 Week completion

SITUATION

Located close to the junction with Holmstead Way within this local shopping parade, opposite Milne Park, serving the surrounding residential area.
New Addington is located some 4 miles south-east of Croydon and 15 miles south of central London with good road links via the M25 (Junction 6) to the south.

PROPERTY

A mid terraced building comprising a Ground Floor Shop with separate front access to a Self-Contained Flat on the first floor. In addition, the property includes a 40' Rear Garden which is accessed from the shop.

VAT is NOT applicable to this Lot

FREEHOLD

ACCOMMODATION

Ground Floor Shop
Gross Frontage 28'5"
Internal Width 20'9"
Shop Depth 29'0"
Built Depth 45'3"
Sales Area Approx. 600 sq ft
Kitchen, WC

First Floor Flat
3 Bedrooms, Living Room, Dining Room,
Kitchen, Bathroom/WC
(GIA of Flat Approx. 890 sq ft)

TENANCY

The entire property is let on a full repairing and insuring lease to Martin McColl Limited (having approx. 1,650 branches) (T/O for Y/E 27/11/16 £518m, Pre-Tax Profit £25.6m and Shareholders' Funds £160.3m) for a term of 10 years from 1st February 2015 at a current rent of £11,250 per annum exclusive.

Rent Review February 2020

Tenant's Break January 2020

Enquire about this lot:

Photo of JOHN BARNETT

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of ELLIOTT GREENE

Elliott Greene
020 8492 9449
egreene@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.