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Lot 3 Click here for addendum

Retail Investment
6 Week Completion

Situation

Located at the junction with Birbeck Road and directly opposite Mill Hill Park, approx. ⅓ mile from The Broadway and ½ mile from Mill Hill Broadway Station (Overground).
Mill Hill is a popular and affluent residential suburb situated approx. 10 miles north-west of central London enjoying good road access via the A1/M1.

Property

Forming part of a terraced building comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage	18'5"
Internal Width	16'0"
Shop Depth	29'3"
Built Depth	59'4"
Rear Office Area	Approx. 182 sq ft
Kitchen WC
VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 4th April 2014 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Godfrey and Barr Property LLP as Estate Agents (having 2 branches) for a term of 7 years from 15th June 2026 (in occupation for over 15 years) at a current rent of £20,000 per annum exclusive.

Tenant's Break June 2028 and annually thereafter.

Note: Following completion of the auction sale, the Freehold will be offered to the Purchaser at a cost of £1. The Freehold includes a first floor flat sold-off on a lease for a term of 999 years at a peppercorn ground rent.

*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.

59 Daws Lane, Mill Hill, London NW7 4SE