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Lot 2

Freehold Commercial Investment
On behalf of an Executor
6 Week Completion

Situation

Located close to the junction with St. Margarets Avenue, less than 100 yards from Totteridge and Whetstone Underground Station (Northern Line), in this established local retail parade, only a short distance from the busy shopping facilities of High Road Whetstone which hosts such multiples as Waitrose, Boots, Sushimania, Hob Salons and Costa Coffee.
Totteridge is an affluent and sought-after north London suburb, located approx. 8 miles from central London.

Property

A mid-terrace building comprising a Ground Floor Shop with a rear Lean-to extension (Tenant's improvement) plus off street parking at the rear for 1 car.

Accommodation

Ground Floor Shop
Gross Frontage	15'5"
Internal Width	14'7"
Shop Depth	39'0"
Built Depth	55'4"
Area	Approx. 694 sq ft
WC

1 Parking Space

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to D. Rashid t/a Ryan Dry Cleaners for a term of 15 years from 25th March 2023 (in occupation since 2013 - renewal of a previous lease) at a current rent of £19,500 per annum exclusive.

Rent Reviews March 2028 & 2033

Tenant's Break March 2028

Note: No. 32 Totteridge Lane is also being offered for sale in this Auction - see Lot 1.

Enquire about this lot:

JOINT AUCTIONEER:
Day and Bell Surveyors
Tel: 020 8445 3611 Ref: Alex Mason
alex.mason@dayandbell.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.

34 Totteridge Lane, Totteridge, London N20 9QJ