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Lot 12

6 Week Completion

Situation

Located close to the junction with Shakespeare Avenue in this well established parade, adjacent to Nationwide and close to such multiples as KFC, Betfred, Post Office, Tesco Express, Lidl and Mecca Bingo as well as a host of local traders.
Hayes lies approx. 4 miles from Heathrow Airport and 13 miles west of central London and benefits from good transport links via the A40 and M4 (Junction 3).

Property

A mid-terraced building comprising a Ground Floor Shop with separate rear access via a communal balcony to a Self-Contained Flat on the first and second floors and an Aerial Mast on the roof. In addition, the property includes a rear hardstanding area for parking and unloading which can be accessed from a rear service road.

VAT is applicable to this Lot

Freehold

Note 1: The rent is currently £24,893.60 until 1st April 2019 and the Vendor will make up the rent shortfall on completion.

Tenant Profile

Cornerstone Telecommunications Infrastructure Limited (CTIL) was founded in 2012 as a joint venture between Vodafone and Telefónica to manage the network sites for both companies including the consolidation of sites to create a single grid (Source: www.ctil.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 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.

622/624 Uxbridge Road, Hayes, Middlesex UB4 0RY