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Lot 24

Freehold Retail Investment – Gross Yield 10%
In the same family ownership for over 25 years
6 week completion

SITUATION

Located close to the junction with Ringstead Road, opposite Pure Gym, and amongst such multiples as Costa, Poundland, Coral, Admiral, Nando’s, Greggs, Specsavers, KFC and many others and being within close proximity of Catford Bridge Railway Station (Southeastern).
Catford is located 6 miles south-east of central London and benefits from good road links via the A21 and the A205 South Circular Road.

PROPERTY

A mid-terraced building comprising a Ground Floor Shop and internal access to Ancillary Accommodation at first floor level.

ACCOMMODATION

Ground Floor Shop
Gross Frontage	12'4"
Internal Width	11'1" (max)
Shop Depth	42'9"
Built Depth	52'2"
WC
Plus rear Lean-to	17'0" × 10'8" (max)
First Floor Ancillary
Area	Approx. 300 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Jawana Janagaral as a Convenience Store for a term of 10 years from 27th March 2024 at a current rent of £14,000 per annum exclusive.

Rent Review 2029

Note: There is a Rent Deposit of £14,000 being held.

*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.

111 Rushey Green, Catford, London SE6 4AF