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Lot 5

5 week completion

Situation

Located close to the junction with Bourne Way in this well established local parade, adjacent to One Stop and close to a host of local traders, all serving the surrounding sought after residential area. Hayes Railway Station (Southeastern Line) is under 1 mile away and Bromley town centre is only approx. 3 miles to the north.
West Wickham lies some 12 miles south-east of London midway between Croydon and Bromley.

Property

A mid-terraced building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat planned on the first and second floor levels. In addition, the property includes a 15 ft front forecourt, a rear yard and off-street parking for 2 cars.

Accommodation

Ground Floor Shop
Gross Frontage 16'10”
Internal Width 15'10”
Built Depth 43'0”
WC
First and Second Floor Flat
3 Bedrooms, Kitchen, Living Room, 2 x Bathroom/WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to J. Lam t/a Sakura Café and Sushi for a term of 15 years from 21st December 2016 at a current rent of £17,500 per annum exclusive.

Rent Reviews 2021 and 2026

Note 1: There is a £4,007 Rent Deposit held.

Note 2: The Flat is occupied by staff.

Note 3: There is potential to extend the shop at the rear and also to convert the roof space, subject to obtaining possession and the necessary consents.

*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.

20 Addington Road, West Wickham, Kent BR4 9BS