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Lot 7 Click here for addendum

6 Week Completion

Situation

Located close to the junction with Westwood Lane, opposite Costa Coffee and amongst such multiples as Betfred, Tesco Express, Machine Mart, Spar, Coral and a host of local traders.
Sidcup lies approx. 4 miles east of Bromley and 11 miles south-east of central London with good road links via the A2 to the South Circular Road and the M25 (Junction 2).

Property

A mid terraced building comprising a Ground Floor Shop with internal access, via the adjoining property, to an Office at first floor level.
There is front forecourt parking for 2 cars.

Accommodation

Ground Floor Shop
Gross Frontage 18'7”
Internal Width (max) 17'3”
narrowing at rear
Shop Depth 13'5”
Built Depth 26'0”
WC
First Floor Office
Area Approx 180 sq ft

VAT is applicable to this lot.

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to M S Kennedy & A J Hodges t/a Robinson-Jackson Estate Agents (having 22 branches) for a term of 10 years from 25th June 2014 at a current rent of £8,000 per annum exclusive.

Rent Review June 2019 (Outstanding - Landlord quoted £12,000 p.a.)

Note: The Tenant also occupies the adjoining corner shop (No.1) which intercommunicates with the subject property and we understand that the tenant spent around £50,000 fitting out No.2 in 2014 as they expanded their practice from next door.

*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.

2 Wellington Parade, Blackfen Road, Sidcup, Kent DA15 9NB