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Lot 4 Click here for addendum

Freehold Shop & Basement plus 3 Flats – Gross Yield 8.7%
In same family ownership for approx. 25 years
6 Week Completion

Situation

Located on this prominent roundabout at the junction with London Road and Thornton Road, close to such multiples as Greggs, William Hill, Post Office, Paddy Power and KFC as well as a variety of independent traders.
The property is approx. 1 mile from Thornton Heath Rail Station (Southern Line).
Thornton Heath lies approx. 1½ miles north of Streatham, approx. 2½ miles south of Croydon and approx. 8 miles south of central London, enjoying easy access via the A23.

Property

A Ground Floor Shop with a prominent frontage together with internal access to a Basement.
In addition, there is separate front access to 3 Self-Contained Flats on the first and second floors which each benefit from uPVC double glazing and gas central heating.

Note: There may be potential to create further accommodation by adding one or two more storeys to the building, subject to obtaining the necessary consents - refer to the Auctioneers for further details relating to such a scheme.

VAT is NOT applicable to this Lot

FREEHOLD

*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.

737/739 London Road, Thornton Heath, Surrey CR7 6AU