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Lot 3 Click here for addendum

By order of Walton Hassell & Port Limited
6 Week Completion

Situation

Occupying a prominent position in this retail thoroughfare amongst such multiples as Dominos, Barclays, Laura Ashley, Holland and Barrett, Tesco, Pizza Express and a host of local traders.
Purley lies 3 miles south of Croydon and 12 miles south of central London and benefits from good road links via the A22. Purley Railway Station (Southern and Thameslink) lies just 300 yards away.

Property

A mid terraced building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on first and second floor levels. In addition, there is vehicular access via a rear service road with Private Parking for 3 cars.

Accommodation

Ground Floor Shop
Gross Frontage 20'3"
Internal Width 18'7"
Shop & Built Depth 80'0"
External WC & Disused WC
First and Second Floor Flat
5 Rooms, Kitchen, Bathroom, WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to
Mr and Mrs Hadavi-Sirizi t/a Carlton Fireplaces for a term of 25 years from 16th September 2005 (by way of a reversionary lease) at a current rent of £22,000 per annum exclusive.

Rent Reviews 2020 and 2025

*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.

3 Russell Parade, Russell Hill Road, Purley, Surrey CR8 2LE