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Lot 4 Click here for addendum

Commercial Retail Investment - Gross Yield 8.5%
8 week completion

Situation

Located close to the junction with Abbey Road within this well-known local commercial enclave, in the heart of this highly sought after residential area within easy reach of South Hampstead Rail Station (Lioness and Mildmay Lines) and St John's Wood Underground Station (Jubilee Line), close to Lord's Cricket Ground and Regents Park Road and just a short drive to the West End.

Property

A mid terraced building comprising a Ground Floor Shop and Basement.

Accommodation

Ground Floor Shop
Internal Width	14'0"
Shop Depth	19'0"
Basement
Area	Approx. 441 sq ft¹
WC

¹Area taken from VOA.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from completion at a peppercorn ground rent.

Tenancy

The property is let on an effectively full repairing and insuring lease to Elysian Cleanse Ltd as a Dry Cleaners and Tailors for a term of 15 years from 16th June 2025 at a current rent of £25,500 per annum exclusive.

Rent Reviews 2030 and 2035.

There are no Tenant Breaks.

There is a £6,375 Rent Deposit 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.

103 Boundary Road, St Johns Wood, London NW8 0RG