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Lot 22 Click here for addendum

Freehold Commercial/Residential Investment
First time on the market for over 30 years
6 Week Completion

Situation

Located opposite the junction with North Road in this established shopping centre, amongst such multiples as Iceland and Poundland and a host of established traders being within close proximity of Burnt Oak Underground Station (Northern Line).
Burnt Oak is a popular north-west London suburb located approximately 9 miles from central London with good access to the M1 and M25 motorways.

Property

A mid terraced building comprising a Ground Floor Shop with separate front entrance to a Self-Contained Flat at first floor level.
There is a rear service road allowing vehicular access to off-street parking for 2 cars - some adjacent properties have built large single storey extensions over their yard areas.

Accommodation

Ground Floor Shop
Gross Frontage 17'2"
Internal Width 12'11"
widening to 16'3"
Shop Depth 33'10"
Built Depth 47'3"
2 WCs
First Floor Flat
1 Bedroom, Living Room, Kitchen, Bathroom/WC
(GIA of Flat Approx. 466 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to E. Haljilji as a Beauty Salon (see Note 1) for a term of 20 years from 26th June 2015 at a current rent of £20,000 per annum exclusive.

Rent Reviews 2025 and 2030

Note 1: The lessee is just finishing a refurbishment of the shop and intends to operate as a Beauty Salon once the works are completed.

Note 2: The lease prohibits any sub-letting of part only of the premises which includes the flat.

Video TOUR

Click here to view the video tour of the Flat.

*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.

187/187a Burnt Oak Broadway, Burnt Oak, Edgware, Middlesex HA8 5EH