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Lot 1

Freehold Investment - Shop & 2 Bed Flat - Gross Yield 7.8%
In the same family ownership since the 1930s
6 Week Completion

Situation

Occupying a prominent corner position at the junction with Eastcote Road, opposite Costa Coffee and being within 150 yards of South Harrow Underground Station (Piccadilly Line). Other nearby multiple retailers include Iceland, Poundland, Nando's, KFC, Aldi, Subway, Savers, Cakebox, Paddy Power and many more.
South Harrow is a popular suburb situated approx. 10½ miles north-west of central London and benefitting from good road links via the A40 (Western Avenue) providing access to the M25.

Property

An end of terrace corner building comprising a Ground Floor Shop with separate rear access via an external side staircase to a Self-Contained 2 Bed Flat on the first floor. In addition, the property includes a gated rear loading/parking area for at least 2 cars which is accessed via Eastcote Road.

VAT is NOT applicable to this Lot

FREEHOLD

Accommodation

Ground Floor Shop
Gross Frontage	25'6"
Internal Width	23'10" (max)
Shop Depth	33'8"
Built Depth	71'4"
WC
GIA	Approx. 1,451 sq ft
First Floor Flat
Living Room	12'1" x 12'6"
Bedroom 1	11'5" x 15'5"
Bedroom 2	9'0" x 7'8"
Kitchen	7'6" x 4'11"
Shower/WC	7'5" x 4'6"

Tenancy

The entire property is let on a full repairing and insuring lease to Arudselvi Sivapalan (Convenience Store/Fresh Foods/Café) for a term of 32 years from 12th June 2012 (by way of a reversionary lease) at a current rent of £47,000 per annum exclusive.

Rent Reviews 2028 and 4 yearly

Note 1: There may be potential to re-instate the Advertising Hoarding on the flank wall, subject to obtaining the necessary consents.

Note 2: Refer to the Auctioneers for the video tour of the flat.

*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.

OTHER MATTERS:

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

253 Northolt Road, South Harrow, Middlesex HA2 8HS