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Lot 3 Click here for addendum

6 Week Completion

Situation

Located in the southern end of this well known shopping centre which includes Tesco, Superdrug, William Hill and many others.
Penge is a fast improving popular residential area approx. 9 miles south-east of central London.

Property

Forming part of a mid terraced building comprising a Deep Ground Floor Shop. In addition, there are 4 Rear Rooms behind the Shop which are used as Examination Rooms, an Office and Kitchen.

Accommodation

Ground Floor Shop
Gross Frontage 15'9”
Internal Width 10'2” (widening to 11'4”)
Shop Depth 30'0”
Built Depth 67'0”
Area Approx. 625 sq ft
WC

VAT is NOT applicable to this Lot

Tenure
Leasehold for a term of 999 years from 31st March 2016 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Maxivise Ltd as Opticians (having 2 branches) for a term of 15 years from 9th September 2011 at a current rent of £12,500 per annum exclusive.

Note: The sale will also include a 50% share in the Freehold interest - See Special Conditions.

*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.

88 High Street, Penge, London SE20 7HB