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Lot A Click here for addendum

6 Week Completion
First time on the market for over 80 years

Situation

Located on this prominent corner at the junction with Hook Road and the A3 (Kingston By-Pass) being approx. 1 mile north of Chessington Rail Station and just over a mile south of Surbiton.
Chessington is an affluent residential area situated approximately 17 miles south-west of central London benefiting from good road links via the A3, a major route connecting London to the south coast.

Property

Constructed in the mid-1930s by the client's grandfather and forming the majority of a purpose built parade benefitting from use of front lay-by parking and comprising:
• 14 Ground Floor Shops.
• 13 Self-Contained Flats on the first and second floors (many of which have uPVC double glazing) accessed from the rear.
• No. 6 has internal and separate rear access to Ancillary Store on its two upper floors.
• 2 Garages.
• 2 rear service roads.
• Strip of land currently used for unallocated parking for 12 cars.

VAT is NOT applicable to this Lot

Freehold

Note 1: Nos. 4/4a and 5/5a will be let together on a single reversionary lease for a term of 15 years from 25th March 2019 at a rent of £35,000 p.a. subject to 5 yearly rent reviews. The current rent deposits totalling £14,875 will continue to be held under the new Rent Deposit Deed relating to the new lease.

Note 2: No. 18 has a rent free period until 22nd July 2019 to assist with fit out works and therefore the vendor will top-up this rent shortfall on completion. Please refer to the Special Conditions of Sale.

*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.

4–6, 8–12 & 14–19 Ace Parade, Hook Road, Chessington, Surrey KT9 1DR