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Lot 5 Click here for addendum

6 Week Completion

Situation

Occupying a prominent trading position on the main A124 Barking Road, close to the junction with Balaam Street and New Barn Street, amongst such multiples as Pizza Hut, Greggs, Iceland, Plaistow Post Office and a host of local traders.
The property benefits from excellent road links via the A112, A124 and A13 which provides a fast link to Canary Wharf and the City, as well as being only 2 miles from the Olympic site at Stratford.

Property

A corner building comprising a Ground Floor Betting Shop and Basement with separate front and side access to 3 Self-Contained Flats on first and second floor levels (see Note).

Note: Planning Permission was granted on 17th March 2017 by the London Borough of Newham for the erection of first and second floor rear extensions to enlarge Flat B (2nd Floor) to 2 Bedrooms, Kitchen/Living Room, Bathroom/WC (Approx. 1,054 sq ft) plus Terrace and Flat C (1st Floor Rear) to 1 Bedroom, Kitchen/Living Room, Bathroom/WC (Approx. 532 sq ft) plus Terrace. Ref: 17/00141/FUL – Documentation available from Auctioneers.

VAT is NOT applicable to this Lot

FREEHOLD

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*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.

343 Barking Road, Plaistow, London E13 8EE