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Lot 8

5 week completion

Situation

Located within this popular shopping centre, close to Ladbrokes, Budgens and a host of local traders, all serving the surrounding sought after residential area. Bickley Station and Petts Wood Station (Thameslink and Southeastern Lines) are both approx. 1 mile distant and Bromley town centre is only 2 miles to the north-west.
Bromley lies approx. 10 miles south-east of central London at the junction of the A21 and A222.

Property

A mid terraced building comprising a Ground Floor Shop with separate front access to a Self-Contained Flat at first floor level. The property includes a Large Rear Garden and Garage which backs on to a service road.

Accommodation

Ground Floor Shop
Gross Frontage 17'9”
Internal Width 12'8” widening to 15'6”
Shop Depth 34'4”
Built Depth 44'0”
WC
First Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
Plus Rear Garden & Garage

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to A. Miller t/a A M Kitchen Design as a Kitchen Showroom for a term of 8 years from 25th July 2012 at a current rent of £18,000 per annum exclusive (see Note 1).

Note 1: The tenant currently pays £16,500 p. a. by way of a personal concession.

Note 2: The tenant did not operate their July 2018 Break Clause.

Note 3: The Flat is sub-let on an AST.

Note 4: There may be potential to create additional living space in the loft, 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.

217/217a Southborough Lane, Bromley, Kent BR2 8AT