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Lot 2 Click here for addendum

Freehold Commercial/Residential Investment
On behalf of Executors
6 Week Completion

Situation

Occupying a prominent position on the roundabout with Green Wrythe Lane in this established local shopping area known as Rosehill, amongst multiples such as Boots, Southern Co-Op, Subway, Betfred, Best One off licence, Nisa Express and a variety of independent traders, all serving the surrounding residential area midway between Carshalton and Mitcham.
Carshalton is situated some 9 miles south-west of Central London and 3 miles west of Croydon, with the M25 (Junctions 7 & 8) some 6 miles to the south.

Property

A mid-terrace building comprising a Ground Floor Shop with a Rear Storage Area plus internal and separate rear access to a Self-Contained Flat at first and second floor level. There is a Deep Rear Yard with double gates which provide vehicular access for at least 4 cars plus detached Store Building.

Accommodation

Ground Floor Shop
Gross Frontage 19'11"
Internal Width 19'10" max
Shop Depth 29'8"
Built Depth 67'8"
Sales Area Approx 475 sq ft
Store Area Approx 400 sq ft
WC
First and Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom, sep WC
(GIA Approx 1,125 sq ft)
Detached Store - 9'6" × 20'0"

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to S. Karani t/a Circle Barbers (having 4 branches) for a term of 10 years from 2nd September 2017 at a current rent of £23,000 per annum exclusive.

Note: There is a £12,600 (incl. VAT calculated at the date of the lease albeit the property has not been elected for VAT) Rent Deposit held.

*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.

362 Middleton Road, Carshalton, Surrey SM5 1HA