Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 7

Freehold – 2 Shops (plus 8 flats sold-off) – Gross Yield 10.3%
6 Week Completion

Situation

Located between Battersea Park Road and Simpson Street amongst a variety of local and independent traders and a Premier Convenience Store, all serving the surrounding population. In addition, there is a street market along this thoroughfare on Saturdays and Sundays. Clapham Junction Station (Overground and Mainline) lies approx. ½ mile to the south and the newly regenerated Battersea Power Station lies approx. 1½ miles distant.
Battersea is a vibrant commercial and residential area near the South Bank of the River Thames and lies approximately 3 miles from central London, enjoying easy access to the A24, A3 and A205 (South Circular).

Property

A mid terraced building comprising 2 Ground Floor Shops with separate front access to 8 Self-Contained Flats on the upper floors.

VAT is NOT applicable to this Lot

FREEHOLD

Note: The flats above the ground floor of No. 171 are accessed from No. 169.

*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.

169 & 171 Battersea High Street, Battersea, London SW11 3JS