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Lot 22 Sold: £175,000

Shop 2 Romney Court, Shepherd's Bush Green, London W12 8PY

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Lot 22   Click here for addendum

Leasehold Commercial Investment
6 Week Completion

Situation

Occupying a prominent trading position and just a few yards from a BP Connect / Marks & Spencer on the south side of Shepherd's Bush facing The Common and its array of multiple and established traders such as McDonald's, KFC, Greggs, Nationwide and Betfred. O2 Shepherds Bush Empire and Westfield Shopping Centre are nearby, and the property is within close proximity of Shepherd's Bush Market Underground (Hammersmith & City Line) & Shepherd's Bush Underground (Central Line).

Property

Forming part of the 1930's five storey block of flats comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage 10'0''
Internal Width 9'9'' widening to 20'6''
Shop & Built Depth 27'6''
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 29th September 1979 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Shahed Limited as a Coffee Shop / Shisha Bar for a term of 15 years from 26th January 2011 at a current rent of £12,500 per annum exclusive.

Rent Review January 2021 (Outstanding)

Note 1: Tenant has erected a temporary canopy for an external seating area on the pavement which is not within the demise of the 999 year lease.

Note 2: There is a £6,250 Rent Deposit held.

Enquire about this lot:

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

Photo of Nathan Schindler

Nathan Schindler
020 8492 9449
nschindler@barnettross.co.uk

*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 £1,000 plus 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.