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

Lot 2

Freehold Retail Investment (+ Rear Office & 2 Flats sold-off) – Gross Yield 10.7%
In the same family ownership for over 10 years
6 week completion

SITUATION

A prominent corner building located at the end of this local parade next to the junction with Woodyates Road. The property is within close proximity of Lee Railway Station and sits amongst a variety of established traders as well as a Co-Op Supermarket, a Post Office and Dexters, all serving the surrounding residential area.
Burnt Ash Hill runs between the A20 Eltham Road and the A205 South Circular Road within 1 mile south of Blackheath and 7 miles from City of London.

PROPERTY

A corner building comprising a Ground Floor Shop with rear Courtyard and separate side access to 2 Self-Contained Flats on the first and second floors.
In addition, there is a Self-Contained Office to the rear.

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.

21 Burnt Ash Hill, Lee, London SE12 0AA