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Lot 3

Freehold Commercial/Residential Investment
6 Week Completion

Situation

Located close to junction with Elm Park in this busy shopping thoroughfare, adjacent to Subway and amongst such other multiples as Foxtons, Costa, Specsavers, HOB Salons, Domino's and Sainsbury's.
Stanmore is a prosperous north-west London suburb located between Edgware and Hatch End enjoying excellent road links to the A41 and M1 (Junction 4) approximately 10 miles from Central London.

Property

A mid terraced building comprising a Ground Floor Take-Away with separate rear access to a Self-Contained Flat on the first floor.
There is rear vehicular access for loading from Elm Park.

VAT is NOT applicable to this Lot

FREEHOLD

Accommodation

Ground Floor Take-Away
Gross Frontage	19'0"
Internal Width	18'11 (max)
Shop & Built Depth	44'3"
External Store	13'3" × 7'10"
External WC
First Floor Flat
5 Rooms, Kitchen, Shower Room/WC
Area	Approx. 602 sq ft¹
^{¹Area taken from EPC.}

Tenancy

The entire property is let on a full repairing and insuring lease to W. Q. He (Hing's Kitchen Oriental Take-Away) for a term of 15 years from 22nd November 2024 at a current rent of £27,000 per annum exclusive.

Rent Reviews 2029 and 2034

Note: There is a £6,750 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.

44/44a Church Road, Stanmore, Middlesex HA7 4AH