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Lot 2 Click here for addendum

Freehold Investment – Gross Yield 9%
Under £175 psf Freehold.
10 week completion

Situation

Located close to the junction with Hazelwood Lane in this prominent position amongst such multiples as Sainsbury's Local, Gail's, B&Q Local, Scrivens, Ladbrokes, Paddy Power, McDonald's, Costa, Domino's and many others.
Palmers Green Rail Station and ‘The Triangle' junction with Aldermans Hill are both within close proximity.
Palmers Green is a popular north London suburb which lies approx. 8 miles north of central London and benefits from good road links via the North Circular Road (A406) and the Great Cambridge Road (A10).

Property

A substantial mid terrace building comprising a Large Ground Floor Pub with a front beer terrace and separate front access to a Self-Contained Snooker Lounge/Bar on the first floor.
The property also includes a Self-Contained Flat at first floor level (part of which flying is flying freehold over No. 324) and accessed from Hazelwood Lane via both a rear communal balcony and a rear service road.

VAT is applicable to this Lot

FREEHOLD

Enquire about this lot:

JOINT AUCTIONEER:
Mi Commercial
Tel: 020 7561 6801 Ref: Nick Kyriacou
nicholas@mi-commercial.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 £1,500 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.

316–322 Green Lanes, Palmers Green, London N13 5TT