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Lot 3 Click here for addendum

Freehold Commercial Investment - Shop and Offices - Gross Yield 8.4%
In same ownership for over 25 years
8 week completion

Situation

Located close to the junction with St Andrew's Road in one of the town's principal retail thoroughfares, opposite McDonald's and amongst such other multiple retailers as Sainsbury's, Boots, Costa, Poundland, Greggs, M&S Food, Clarks and many others.
In addition, Surbiton Rail Station is just a few hundred yards distant.
Surbiton lies within easy access to the A3 approx. 1½ miles south of Kingston-upon-Thames and approx. 11 miles south-west of central London.

Property

A mid terraced building comprising a Ground Floor Shop and Basement with separate front access via a communal lobby to Offices on the first and second floors.
The offices benefit from a shared kitchen and 2 WCs.
In addition, the property includes a Rear Yard (see Notes 1 & 2).

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: There may be potential to extend the property at the rear (similar to the adjacent property at No. 22) and/or convert the first and second floors to Residential Use, subject to obtaining possession and the necessary consents:

Note 2: There may be potential to develop the Rear Yard into small units similar to the development immediately to the rear of the property, subject to obtaining possession and the necessary consents - Refer to the Auctioneers.

Enquire about this lot:

JOINT AUCTIONEER:
Levinson & Co
Tel: 07710 499 708 Ref: Keith Bailey
surbitonsurreysurveyor@gmail.com

*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.

23 Victoria Road, Surbiton, Surrey KT6 4JZ