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Lot 1 Click here for addendum

6 Week Completion

Situation

Located close to the junction with Dell Road amongst such multiples as Sainsbury's Local, Euronics, Co-operative Food, Ladbrokes and The Post Office and a variety of independent retailers, just a few hundred yards from Stoneleigh Main Line Rail Station.
Stoneleigh lies midway between Ewell and Worcester Park, approximately 14 miles south-west of central London.

Property

A mid terrace building comprising a Ground Floor Shop with separate rear access via a communal balcony to a Self-Contained Flat on the first and second floors. In addition, the property includes a Deep Rear Yard upon which currently stands 3 sheds (see Note) which can be accessed via a rear service road.

Accommodation

Site Depth Approx. 144 ft
Ground Floor Shop
Gross Frontage 21'0"
Internal Width 20'3"
Shop Depth 38'8"
Built Depth 45'8"
WC
First & Second Floor Flat
5 Rooms, Kitchen, Bathroom, sep. WC
(GIA Approx. 1,175 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to M. Kimberley as a Pet Shop for a term of 20 years from 29th September 2012 (in occupation for 31 years) at a current rent of £15,500 per annum exclusive.

Rent Reviews 2020 and 4 Yearly

Note: There is potential to build on the rear yard, subject to obtaining possession and any 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.

64 The Broadway, Stoneleigh, Surrey KT17 2HS