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Lot 24

6 Week Completion

Situation

Located in this well-known main retail shopping centre opposite Asda and close to such multiples as Paddy Power, Nationwide, McDonald's, Superdrug, Post Office and a host of local traders. Seven Sisters Underground Station (Victoria Line), Tottenham Hale Station (Underground & National Rail) and Bruce Grove Overground Station are all located within ¾ of a mile from the property.
The new Tottenham Hotspur Football Stadium is located approx. 1 mile north adding to the area's regeneration and Canary Wharf is just 7 miles to the south.

Property

An end of terrace building comprising a Ground Floor Shop with internal access to a Flat planned on first and second floors.

Accommodation

Ground Floor Shop
Gross Frontage 17'2”
Internal Width 16'3”
Shop Depth 20'3”
Built Depth 34'3”
WC
First and Second Floor Flat
3 Rooms, Kitchen with Shower, WC
(GIA Approx. 830 sq ft)

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Mr A. Tek as a Barbers for a term of 20 years from 4th September 2012 at a current rent of £23,000 per annum exclusive.

Rent Reviews 2022 & 2027

Note: There is potential to erect an Advertising Hoarding on the flank wall, subject to obtaining 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.

507 High Road, Tottenham, London N17 6QA