WEDNESDAY 16TH DECEMBER 2015 - At The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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WEDNESDAY 16TH DECEMBER 2015 AUCTION At The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG Commencing at 12.00 p.m. Light refreshments served at 11.30 a.m. Auctioneers J. Barnett FRICS J. L. G. Ross MRICS Tel: 020 8492 9449 Fax: 020 8492 7373
Notice to all Bidders 1. Please note the General Conditions of Sale which are included with this catalogue and the Special Conditions of Sale which are available on request. An Addendum will be made available on the Auction Day and the bidder should check whether the lot which he/she is interested in bidding for is included. 2. Prospective purchasers are assumed to have inspected the properties in which they are interested and to have made all usual pre-contract searches and enquiries. 3. The successful Bidder is Bound under Contract as soon as the Auctioneer’s gavel falls on his/her final bid. Immediately thereafter the successful Bidder will be handed a Form to fill out supplying details of his/her name and address together with (if different) the name and address of the purchaser and those of his/her solicitors. He/she must also supply a cheque for the deposit, which we will hold at our office. The bidder will be given our bank account details and must arrange to transfer the deposit monies to our client bank account the following day by way of a ‘same day CHAPS payment.’ Once these funds are received we will return the bidder’s cheque by post. 4. The information from the Form will be used to complete a memorandum of contract similar to the one at the back of this catalogue which the purchaser must sign and hand to the Auctioneer’s staff prior to leaving the room. 5. If the Purchaser’s memorandum of contract is not signed, the Auctioneer, or any person authorised by them, will sign the memorandum of contract on behalf of the Bidder/Purchaser. 6. The Auctioneers endeavour to have copies of title documents, leases, licences etc. and a local search available for inspection at their offices and in the auction room. It is recommended that anyone wishing to inspect such documents should telephone first to ensure that the required documents are available. If any Bidders are intending to come to the Auction for a specific lot they are advised to check 7. with the Auctioneers on the morning of the sale to ensure that the particular lot will be offered at the Auction as a lot can be sold or withdrawn at any time prior to being offered. 8. Some plans or extracts from plans in this catalogue are based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office Crown Copyright reserved. 9. ESERVE: R 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 our website at www.barnettross.co.uk 10. I f a Bidder cannot attend the Auction and wishes to make a telephone or proxy bid, then arrangements should be made on a form available from the Auctioneers prior to the sale. 11. The purchaser is usually responsible for insurance on the property as and from exchange of contracts. We are usually aware of the existing cover and can often arrange cover immediately on the day at attractive rates.
12. All bidders are advised to read the Special Conditions of Sale and/or addendum which may refer to additional charges payable by purchasers. 13. The Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable Administration Fee of £500 (including VAT) or such amount specified on the Particulars of Sale. This Fee will be payable on exchange of contracts. 14. Energy Performance Certificates (EPCs) – The Asset Rating for the EPCs that were available for lots at the time the catalogue was printed are displayed in the ‘EPC Appendix’ at the rear of the catalogue. EPCs for all lots can be viewed by accessing the ‘Request Legal Pack & EPC’ facility displayed on each lot page on our On-line Catalogue. Proof of Identity The purchaser and the bidder is to provide one original document from each column together with a copy for us to attach to the contract: Proof of name Proof of address • Passport • Driver’s Licence (with or without a photo) • Photocard Driver’s Licence •A utility bill issued within the last three months (excluding mobile phone bill) Mailing List If you are not already on our mailing list, then please send your details by fax, post or e-mail and you will be added to the list. Telephone Bidding 020 8492 9449 If you wish to bid by telephone or instruct us to bid on your behalf, this can only be done by requesting a Telephone Bidding Form from us. This must be done in good time to return to us, with your deposit cheque, three days before the Auction. Contact any member of the Auction Team on 020 8492 9449 to request a form. Follow the Auction Live on the Internet Additional Au Visit www On-Line Live Choose ‘Ba Visit www.eigroup.co.uk and select ‘Online Auctions’. Ei You will the AUCTION watch the Choose ‘Barnett Ross’ and then ‘View Auction’. You will then see It is not p details of the lot being offered and can watch the bidding as it happens. Legal Documents Legal docu Ei It is not possible to bid from the screen. online. Foll Legals AUCTION able to dow Passport Re LiveLink 09067 591 Ei Dial this num Lots. You c AUCTION prior arrang FaxBack 09067 591 Ei To receive th from the han AUCTION handset, set The results w 1 Services Provided by The Essential Information Group -
Order of Sale Commencing 12 p.m. Lot 1 6 Guildhall Street Folkestone Kent 2 Flat 6 Creighton Court, Creighton Avenue East Finchley London N2 3 171/171A High Street Dovercourt Essex 4 40 Birnam Road Finsbury Park London N4 5 11 High Street Godstone Surrey 6 The Bell Inn, 1 Burford Street Hoddesdon Hertfordshire 7 The Hollybush, High Street Elstree Hertfordshire 8 49 High Street New Romney Kent 9 54/58 Market Street Crewe Cheshire 10 14/14a North Street Midhurst West Sussex 11 14a North Street Midhurst West Sussex 12 32 Linksway Northwood Middlesex 13 Garages r/o 39 & 41 Dawlish Avenue Palmers Green London N13 14 Garages at Wood Lane Dagenham Essex 15 46/48/50 High Street New Romney Kent 16 9/9a New Parade, Hill View Road, Ensbury Park Bournemouth Dorset 17 93 Sydenham Road Sydenham London SE26 2
Lot 18 12/18 Crown Hill Croydon Surrey 19 1–6 High Street Lye West Midlands 20 163–167 Grange Road Bermondsey London SE1 21 34 High Street and 1–6 Coach House Court Chatteris Cambridgeshire 22 1/1a Whitby Parade, Whitby Road Ruislip Middlesex 23 38–40 Cheshire Street Market Drayton Shropshire 24 Units 1, 2 and 3 The Old Coach Works, Simpson Road, Fenny Stratford Milton Keynes Buckinghamshire 25 305 Wood Lane Dagenham Essex 26 Shop 1B, 3 North Street Leatherhead Surrey 27 66 Hewlett Road Cheltenham Gloucestershire 28 Russell House, Middleton Street Llandrindod Wells Powys 29 25 Hitchin Street Biggleswade Bedfordshire 30 27–31 Regent Street Shanklin Isle of Wight 31 Garden Flat 1, 2 Buxton Road Willesden Green London NW2 32 108 Wilberforce Road Finsbury Park London N4 33 Front Garden of 148 Falloden Way Hampstead Garden Suburb London NW11 3
Copy Legal Documentation To obtain an immediate download: If you wish to obtain the Special Conditions and/or the Legal Documents in respect of any lot please go to www.barnettross.co.uk, then on our Home Page click on ‘Next Auction’, then click on the relevant lot number and finally click on ‘Request Legal Pack & EPC’. The Special Conditions of Sale and/or the Legal Documents, when available, are free to download. Barnett Ross endeavour to dispatch all documents which are received by us from the Vendors’ Solicitors subsequent to your initial request. Prospective purchasers are advised to check whether any such outstanding documents have been received. Where available, a Document Pack for each lot can be inspected at the Auction Sale. For further legal enquiries, please contact the relevant Vendor’s Solicitor whose details are printed on each lot page. Please refer to the Notice to all Bidders, inside this catalogue, and also the General Conditions of Sale referred to at the end of the catalogue in relation to all legal matters. To obtain a paper copy by post: If you would like to order a hard copy of the legal documents please complete and return the following form to: Legal Department, The Ark Design & Print Ltd, Pudsey Business Park, 47 Kent Road, the Ark design & print Leeds LS28 9BB or fax 0113 256 8724 or call 0113 256 8712. Note: There is a charge of £35 including VAT per lot for the hard copy version of the legal documentation. Please complete the form below using BLOCK CAPITALS: In respect of lot(s) .......................................................................................................................................................................................................................................................................................... Please despatch to: Title (Mr, Mrs, Miss, Ms*) .............................................................................................................................................................................................................. Company ................................................................................................................................................................................................................................................................................................................ Address .................................................................................................................................................................................................................................................................................................................... ......................................................................................................................................................................................... Post code ..................................................................................................................... *Delete as appropriate Telephone .......................................................................................................................................................... Email ................................................................................................................................. I enclose a cheque for £ ………………………………… payable to The Ark Design & Print Ltd or Please debit £ ………………………………… from my Mastercard Visa Card number Card security code The final 3 digit number on the back of your card, on the signature strip. Name as it appears on the card ............................................................................................... Signature ...................................................................................................................... Expiry date ………………………… / ………………………… Card address (if different from above) .................................................................................................................................................................................................................................. ......................................................................................................................................................................................... Post code ..................................................................................................................... Telephone .............................................................................................................................................................................................................................................................................................................. 4
With 32 years of short term lending experience - we know the market. Interest charged from 0.99% per 30 days. Typically, no arrangement fees*, no extension fees and no end fees, subject to status. Overall cost for comparison of 12.4%. You speak to the people who make the decisions, a quick and personal service. Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. A rate from 0.99% will be chargeable on the amount borrowed every 30 days. However rates are subject to change and will increase or decrease in line with movements in 3m LIBOR (The London Inter-Bank Offered Rate For Three Month Sterling Deposits). Rates will be adjusted on each 30 day anniversary of the facility. The overall cost for comparison is 12.4% APR. *A £200 admin fee will be payable on completion of the bridging loan.
Are you in need of a Property Valuation? • Loans • 1982 CGT • Sales • Disputes • Probate • Divorce • Transfers • Gifts (I.H.T.) At Barnett Ross we have Auction Results dating back to the 1960’s and are able to provide Property Valuation Reports for a variety of different requirements. Please call to discuss your requirement: John Barnett FRICS (Registered Valuer) 020 8492 9449 jbarnett@barnettross.co.uk
Are you acting as an Executor? • We regularly sell Commercial and Residential properties in our National Auctions on behalf of Executors. • If you are an Executor, let us help to maximise your asset with a sale by auction. • We can provide an RICS Probate Valuation and if you subsequently sell the property in one of our auctions, we will refund the Valuation Fee. Please call to discuss your requirement: John Barnett FRICS (Registered Valuer) 020 8492 9449 jbarnett@barnettross.co.uk
www.barnettross.co.uk 020 8492 9449 Paying too much for buildings insurance? If you own Property and place the Buildings Insurance then why not save money both for you and/or your Tenant. Let us try to reduce your current premium without compromising the quality of your cover and service. We operate a substantial Block Policy with Axa Insurance resulting in competitive rates and handsome premium rebates. We have a dedicated claims line at our disposal to ensure an immediate response in the event of a claim. Above all, your business will be handled by a Chartered Surveyor with over 25 years Insurance experience – that would be me! It costs you nothing to get a quote so please call me before your next renewal. Regards, Jonathan Ross Barnett Ross Insurance Services jross@barnettross.co.uk Barnett Ross Insurance Services Limited is an Appointed Representative of CBC UK Limited, which is Au- thorised and Regulated by the Financial Conduct Authority. FCA Firm Reference No 145164. Registered in England No 01973536. Registered Office 8-11 Crescent London EC3N 2LY. 020 8492 9449 www.barnettross.co.uk
LOT 1 6 Guildhall Street, *Reserve below Folkestone, £100,000 Kent CT20 1DZ 6 WEEK COMPLETION View opposite the Property SITUATION ACCOMMODATION Occupying a prominent position within the pedestrianised Ground Floor Shop town centre at the junction with Sandgate Road, amongst Gross Frontage 15'1" such multiples as Bon Marche, Wilko, 99p Stores, Internal Width 13'11" H Samuel, Waterstones, HSBC, Boots, Clarkes, Ladbrokes, Shop Depth 65'6" Clinton Cards and many others. Sales Area Approx 725 sq ft Folkestone is a well-known port situated on the south-east Lower Ground coast approximately 8 miles south-west of Dover benefitting Store Area Approx. 690 sq ft from excellent road communications via the A20 and M20. First Floor Kitchen Area Approx. 155 sq ft 2 WC’s PROPERTY Second Floor A mid terrace property comprising a Ground Floor Shop Store Area Approx. 240 sq ft with A3 consent plus Lower Ground Floor Storage, and Third Floor internal access to Ancillary Accommodation at first, second Store Area Approx. 120 sq ft & third floor levels. In addition, the property benefits from rear access from St. Total Area Approx 1,930 sq ft Eanswythe’s Way for unloading as well as parking for 2 small cars. FREEHOLD – Vacant Possession available (see Special Conditions of Sale) VAT is NOT payable in respect of this Lot Shop JOINT AUCTIONEERS Smith Woolley & Perry, 43 Castle Hill Avenue, Folkestone, & Upper Part Kent CT20 2RB Tel: 01303 226 622 Ref: K. Foster VENDOR’S SOLICITORS Goodman Derrick LLP – Tel: 020 7404 0606 Ref: Ms Dagmara Selwyn-Kuczera – Email: dselwyn-kuczera@gdlaw.co.uk The Surveyors dealing with this property are JONATHAN ROSS and NICHOLAS BORD FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 9 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 2 Flat 6 Creighton Court, *Reserve below Creighton Avenue, £340,000 East Finchley, London N2 9BS 6 WEEK COMPLETION Rear Garden SITUATION ACCOMMODATION (Measurements to maximum points) Located close to the corner with High Road which is well First Floor Maisonette served by local and multiple retailers, being approx. ½ mile Bedroom 1 11'10"x 14'1" into Bay from East Finchley Underground Station (Northern Line), a Bedroom 2 8'6" x 11'3" short distance from the North Circular Road (A406) and Living Room 11'9" x 15'6" midway between Hampstead Garden Suburb and Muswell Kitchen 8'6" x 15'6" (max) Hill. Bathroom/WC 8'5" x 5'4" PROPERTY GIA Approx. 645 sq ft Comprising an unmodernised 2 Bed Self-Contained Maisonette on the first floor of this detached block, accessed Rear Garden 45' Deep via a side entrance with its own front door. The maisonette includes gas central heating, entry phone, uPVC replacement Lock up Garage 14'4" x 8' windows, a Private Rear Garden and vehicular access to a Garage. TENURE VAT is NOT payable in respect of this Lot Leasehold for a term of 189 years from 25th December 1977 at a peppercorn ground rent. Offered with FULL VACANT POSSESSION Vacant Unmodernised 2 Bed Maisonette VENDOR’S SOLICITORS Macrory Ward - Tel: 020 8440 3258 Ref: Ms Martina Ward - Email: martina@macroryward.co.uk The Surveyors dealing with this property are JOHN BARNETT and NICHOLAS LEIGH FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE 10 The successful Buyer will be liable to pay the Auctioneers an administration * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 3 171/171A High Street, *Reserve below Dovercourt, £175,000 Essex CO12 3QB BY ORDER OF A CHARITY View along the High Street 6 WEEK COMPLETION SITUATION PROPERTY Located in the town centre close to the junction with An end of terrace building comprising: Kingsway, opposite Iceland adjacent to Thomas Cook and No. 171: Ground Floor Shop amongst such other multiple retailers as Boots, Santander, No. 171A: Ground Floor Shop with internal and separate Superdrug, The Original Factory Shop, TSB, Nationwide, rear access via Hordle Place to a Basement and Self- Swinton and others. Contained Offices on the entire first floor. Dovercourt is a busy town situated close to Harwich, In addition, the property benefits from rear parking for 4 cars approximately 15 miles to the east of Colchester and 70 miles accessed via Hordle Place. north-east of London with easy access via the A12 and A120. Note 1: There may be future potential to convert the first VAT is NOT payable in respect of this Lot floor offices to Residential Use, subject to obtaining possession and the necessary consents FREEHOLD TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks No. 171 Internal Width 17'2" K. Burnett 5 years from £12,000 IRI (Ground Floor Shop Depth 45'3" (Clothing & 3rd November 2015 (see Note 2) Mutual Break May 2017. Shop) Built Depth 63'9" Accessories) (Outside s.24–28 of £2,250 Rent Deposit held. Sales Area Approx. 805 sq ft L & T Act 1954) Note 2: The current rent is Store Area Approx. 70 sq ft £9,000 rising to £12,000 in 2 WC’s Nov. 2016 and the Vendor will make up the rent shortfall on completion. No. 171A Ground Floor Shop Colchester Institute 10 years from £10,900 IRI (Ground Floor Internal Width 16'11 Corporation 21st May 2012 Rent Review and Tenant’s Shop & First Shop Depth 42'2" t/a The Learning Shop Break 2018. Floor Offices) Built Depth 68'4" (Employability skills & Sales Area Approx. 710 sq ft adult learning – visit WC www.colchester.ac.uk) First Floor Offices Area Approx. 1,550 sq ft 2 WC’s No. 171A (Basement) Area Approx. 1,740 sq ft VACANT £22,900 p.a. Plus TOTAL £22,900 Plus Vacant Basement Vacant Basement VENDOR’S SOLICITORS A S Tibber & Co – Tel: 020 8954 4705 Ref: A. Tibber – Email: alan@astibber.co.uk The Surveyors dealing with this property are JOHN BARNETT and NICHOLAS BORD FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 11 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 4 40 Birnam Road, *Reserve below Finsbury Park, £1,200,000 London N4 3LQ ON BEHALF OF TRUSTEES 6 WEEK COMPLETION SITUATION ACCOMMODATION (Measurements to maximum points) Located off Tollington Park in this popular and sought after Lower Ground residential area well served by the local shopping facilities Breakfast Room 12'0" × 9'8" and bus routes in Hornsey Road and Stroud Green Road. In Kitchen 7'9" × 15'1" addition, the property is within walking distance to Finsbury Bathroom & sep. WC Park Rail (Main Line, Victoria and Piccadilly Lines) and Bus Half Landing (Rear Ground Floor Level) stations. Bedroom 1 12'2" × 15'3" Nearby amenities include Finsbury Park, the Michael Sobell Ground Floor Sports Centre and Arsenal’s Emirates Stadium and being Reception 1 11'9" × 15'1" only 4 miles north of central London. interconnects with Reception 2 9'8" × 12'2" PROPERTY Half Landing Comprising a mid-terrace unmodernised 5 Bed House Kitchen 10'6" × 12'3" planned on ground, lower ground, first and second floors. In Shower/WC addition, the property benefits from gas central heating (not First Floor tested) and a rear paved garden. Bedroom 2 16'2" × 15'0" Bedroom 3 10'0" × 12'7" VAT is NOT payable in respect of this Lot Half Landing Kitchen 10'4" × 12'2" FREEHOLD offered with FULL VACANT POSSESSION sep. WC Second Floor Note 1: There may be potential to convert the property Bedroom 4 16'2" × 11'9" into 3 Self-Contained Flats, subject to obtaining the Bedroom 5 10'1" × 12'7" necessary consents. Half Landing Bathroom 10'5" × 4'9" Note 2: Floor Plans available on request Vacant Unmodernised GIA Approx. 2,307 sq ft 5 Bed House VENDOR’S SOLICITORS Macrory Ward - Tel: 020 8440 3258 Ref: Ms Martina Ward - Email: martina@macroryward.co.uk The Surveyors dealing with this property are JOHN BARNETT and STEVEN GROSSMAN FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE 12 The successful Buyer will be liable to pay the Auctioneers an administration * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 5 11 High Street, Godstone, *Reserve below Surrey RH9 8LS £170,000 6 WEEK COMPLETION SITUATION PROPERTY Located at the junction with Salisbury Road on the eastern Forming part of a detached building comprising a recently side of the High Street. refurbished Ground Floor Shop with internal access to a Godstone is an affluent historic Surrey village approx 1 mile Lower Ground Floor Area (formerly sales) with good to the south of the M25 (Junction 6). natural light to the rear. The shop also benefits from Front Forecourt Parking for 5–6 Cars. VAT is NOT payable in respect of this Lot In addition, there is separate rear access to 5 Self-Contained Flats on the ground, first and second floors together with a FREEHOLD rear parking area. TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks Ground Floor Ground Floor Shop Shop & Lower Internal Width 16'6" Shop and Built Depth 45'5" VACANT Note 1: There may be potential to convert the shop to Residential Use by way of Ground Floor Area Approx. 670 sq ft Permitted Development, subject to prior approval. Plus WC Forecourt Lower Ground Floor Note 2: The Ground Floor & Lower Ground has recently been refurbished Parking for Area Approx. 685 sq ft including ‘tanking’ of part of the Lower Ground. 5–6 Cars Total Area Approx. 1,355 sq ft Flats A, B & D Not Inspected Various Each expiring between £300 Each FRI (3 Flats) December 2082 & 2094 (£100 per flat) 3 Valuable Reversions in approx. 73 to 79 years. Flats C & E Not Inspected Various Each expiring £200 Each FRI (2 Flats) 24th December 2178 (£100 per flat) Vacant Retail TOTAL Unit plus Note 3: In accordance with s.5B of the Landlord & £500 p.a. Tenant Act 1987, Notices have been served on the Lessees and they have NOT reserved their rights of JOINT AUCTIONEERS first refusal. This Lot cannot be sold prior to auction. Rayners Commercial, 14a Bell Street, Reigate, Surrey RH2 7BG Tel: 01737 222 835 Vacant Retail Unit (see Note 1) Ref: A. Mullett – Email: alexander@raynerscommercial.com VENDOR’S SOLICITORS Nicholas & Co – Tel: 020 7323 4450 The Surveyors dealing with this property are Ref: D. Demetriou – Email: demetris.demetriou@nicholassolicitors.com JOHN BARNETT and STEVEN GROSSMAN FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 13 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 6 The Bell Inn, 1 Burford Street, *Reserve below Hoddesdon, £500,000 Hertfordshire EN11 8HP 6 WEEK COMPLETION SITUATION ACCOMMODATION Located opposite the Clock Tower and The Pavilion precinct Ground Floor Pub and being just a few yards from the pedestrian town centre. Gross Frontage 73'8" Nearby multiple retailers include Costa Coffee, KFC, Café GIA to incl. Bar, Function Room, Nero, Boots, Halifax, Morrison’s Supermarket, Timpson Former Kitchen & WCs Approx. 2,200 sq ft and Ladbrokes. Cellar GIA Approx. 270 sq ft Hoddesdon is a market town located approximately 18 miles First Floor (see Note 1) from central London, 8 miles north of Enfield and conveniently 8 Bedrooms & 2 × Bathroom/WC GIA Approx. 1,510 sq ft situated for the M25 and M11. Plus Rear Ground Floor PROPERTY 3 Self-Contained Studio Flats GIA Approx. 640 sq ft An end of terrace Grade II Listed building comprising a Laundry Room & Store GIA Approx. 190 sq ft Public House with Cellar and separate rear access to Residential Accommodation on the first floor. In addition, Total GIA Approx. 4,810 sq ft there is a single storey rear extension comprising 3 Self- Contained Studio Flats, Laundry Room & Store, Beer TENANCY Garden for seating approx. 50 and a Yard for Parking 4 cars, The entire property is let on a full repairing and insuring all of which can be accessed from Bell Lane. lease to G. Kerry and K.S. Read as a Public House for a term of 21 years from 25th July 2011 at a current rent of VAT is payable in respect of this Lot £50,000 per annum exclusive (TOGC available) Rent Reviews 2014 (Outstanding) and 3 yearly. FREEHOLD Note 1: Planning Permission was granted on 23/12/08 (now lapsed) by Borough of Broxbourne for the “conversion of first floor from 8 bed-sits to 3 one bed flats.” Note 2: All of the Residential Accommodation is sub-let £50,000 per annum on a daily basis. The Surveyors dealing with this property are JOHN BARNETT and STEVEN GROSSMAN 14 * Refer to Point 9 in the ‘Notice to all Bidders’ page
The Bell Inn, 1 Burford Street, Hoddesdon, LOT 6 Hertfordshire EN11 8HP The Property © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale VENDOR’S SOLICITORS Druces LLP – Tel: 020 7638 9271 Ref: Ms Suzanne Middleton-Lindsley – Email: esml@druces.com FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 15 fee of £500 (including VAT) upon exchange of contracts
LOT 7 The Hollybush, High Street, *Reserve below Elstree, Hertfordshire WD6 3EP £450,000 6 WEEK COMPLETION SITUATION ACCOMMODATION Located at the top of Elstree Hill North on the High Street, Ground Floor Pub close to the junction with Watford Road in this affluent Gross Frontage 40'10" residential area. Internal Width 38'8" (narrowing at rear) Elstree lies midway between Stanmore and Borehamwood Built Depth 53'0" approximately 12 miles north-west of central London and Area Approx 1,442 sq ft benefits from good road links being within ½ mile to the M1 Ladies & Gents WCs (Junction 4) and the A41. First Floor 3 Rooms, Kitchen, Bathroom, Separate WC PROPERTY Area Approx 844 sq ft A Grade II* Listed Building erected in the 15th Century with Plus Large Rear Car Park many period features comprising a Former Ground Floor Public House with internal access to an Upper Part previously used as a Large 3 Room Flat. The property benefits from a Large Rear Car Park with space for a minimum of 20 Cars all sitting on a Site of Approx. ¼ Acre. Note: The site has future development potential to be used either as a Restaurant, Offices or Residential, subject to obtaining the necessary consents. VAT is payable in respect of this Lot FREEHOLD offered with FULL VACANT POSSESSION © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale Vacant Former Public JOINT AUCTIONEERS Roundtree Real Estate, 39 Brent Street, Hendon, House & Upper Part London NW4 2ED Tel: 020 8203 2111 Ref: M. Frydenson Esq VENDOR’S SOLICITORS Kostick Hanan Herskovic – Tel: 020 8800 8866 Ref: J. Kostick – Email: jkostick@khhlaw.co.uk The Surveyors dealing with this property are JOHN BARNETT and NICHOLAS LEIGH FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE 16 The successful Buyer will be liable to pay the Auctioneers an administration * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 8 49 High Street, *Reserve below New Romney, £300,000 Kent TN28 8AH 6 WEEK COMPLETION SITUATION PROPERTY Occupying a prominent trading position close to the junction An attractive detached building comprising a Large Ground with Ashford Road within the principal retailing area of the Floor Shop with rear single storey extension plus separate town and being amongst a variety of local restaurants, side access to 4 Self-Contained Flats on the first and second retailers and multiple traders including Natwest, Lloyds floors. Bank, Lloyds Pharmacy, Spar, Post Office and The British There is a rear yard accessed from the town’s main public car Red Cross. park allowing off-street parking for up to 3 cars. New Romney is an attractive town lying off the main A259, being approx. 18 miles north-west of Hastings and 13 miles FREEHOLD south-west of Folkestone Note 1: There is potential to extend over the Ground VAT is NOT payable in respect of this Lot Floor at the Rear to create additional residential accommodation, subject to planning. TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks Ground Floor Gross Frontage 25'11" DBM Medical Ltd 20 years from £23,000 FRI Shop Internal Width 23'0" max t/a New Romney 5th April 2013 (see Note 2) Rent Reviews 2017 & Shop Depth 50'11" Pharmacy 4 yearly. Built Depth 67'8" (with 3 sureties & Note 2: The current rent is Sales/Dispensary Area 990 sq ft 3 branches) £22,000 rising to £23,000 Storage/Kitchen Area 250 sq ft on the 5th April 2016 and 2 WC’s the Vendor will make up the shortfall on completion. First & Second Not Inspected – Various Each 125 years from £500 FRI Floors Each believed to be 1 bed flats between 2011 & 2013 Each £125 p.a. (4 Flats) TOTAL £23,500 £23,500 per annum VENDOR’S SOLICITORS Druces LLP – Tel: 020 7638 9271 Ref: Ms Suzanne Middleton-Lindsley – Email: esml@druces.com The Surveyors dealing with this property are JOHN BARNETT and JONATHAN ROSS FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 17 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 9 54/58 Market Street, *Reserve below Crewe, Cheshire CW1 2EX £1,000,000 6 WEEK COMPLETION SITUATION ACCOMMODATION Occupying a prime trading position on one of the principal Ground Floor Retail Unit retail thoroughfares of this busy town centre, positioned on Gross Frontage 39'6" the corner of Earle Street and amongst such multiples as Splay Frontage 21'0" Marks & Spencer, Costa Coffee, Barclays Bank, NatWest, Internal Width 34'7" Subway, EE, Poundland, Vodafone and others. Retail Unit Depth 73'6" Crewe lies approximately 12 miles north-west of Stoke-on- Area Approx. 2,980 sq ft Trent and 25 miles south-east of Chester with good road Basement access to the M6 (Junctions 16 and 17). Area Approx. 3,351 sq ft First Floor PROPERTY Area Approx. 3,502 sq ft A substantial corner property comprising a Ground Floor Second Floor Retail Unit with Basement Dispensary plus internal access Area Approx. 2,721 sq ft to Ancillary Offices at first floor level and Storage at second floor level. Total Area Approx. 12,554 sq ft VAT is payable in respect of this Lot (The above floor areas were previously agreed at rent review) (TOGC available) TENANCY FREEHOLD The entire property is let on a full repairing and insuring lease to Boots UK Ltd (T/O for Y/E 31/3/14 £6.3bn, Pre-Tax Profit £507m and Shareholders’ Funds £1.2bn) for a term of 5 years from 30th October 2015 at a current rent of £90,000 per annum exclusive. Note: Boots are a wholly owned subsidiary of Walgreens Boots Alliance and have been trading from this location £90,000 per annum for over 100 years. The lease was recently re-geared from a rental of £127,500 p.a. The Surveyors dealing with this property are JONATHAN ROSS and MATTHEW BERGER 18 * Refer to Point 9 in the ‘Notice to all Bidders’ page
54/58 Market Street, Crewe, Cheshire CW1 2EX LOT 9 View towards Property The Property © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale VENDOR’S SOLICITORS Seddons – Tel: 020 7725 8000 Ref: T. White – Email: thomas.white@seddons.co.uk FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 19 fee of £500 (including VAT) upon exchange of contracts
LOT 10 14/14a North Street, Midhurst, Guide: £260,000 West Sussex GU29 9DJ 6 WEEK COMPLETION AMENDED PARTICULARS TO INCLUDE LOT 11 SITUATION PROPERTY Located in this attractive town centre position, close to the A mid terrace building comprising a Ground Floor Shop junction with Knockhundred Row being adjacent to Pizza with separate side access via an alleyway to a Self-Contained Express and amongst a variety of other multiples such as Flat on the first and second floors. Costa Coffee, Boots, Tesco Express, Barclays, Cancer Please note that part of the flat flies over the adjoining Research and The British Heart Foundation all serving the building to the left at second floor level. surrounding residential area. Midhurst lies some 20 miles north of Chichester, 9 miles east VAT is payable in respect of this Lot of Petersfield and enjoys excellent road access via the A272 and A286. FREEHOLD TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks Ground Floor Gross Frontage 17'1" Bread Of Heaven 10 years from £10,000 FRI Shop Internal Width 15'1" Bakery 9th March 2010 Rent Review 2015 not Shop Depth 25'1" (Bakers having 3 implemented. Built Depth 44'8" branches) WC First & Second 2 Bedrooms, Living Room, Floor Flat Kitchen/Diner, Shower/WC GIA Approx. 1,045 sq ft VACANT £10,000 plus TOTAL Vacant Flat £10,000 p.a. Plus Vacant Flat VENDOR’S SOLICITORS BPE Solicitors – Tel: 01242 224 433 Ref: Ms Nicola Corner – Email: nicky.corner@bpe.co.uk The Surveyors dealing with this property are MATTHEW BERGER and JONATHAN ROSS FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE 20 The successful Buyer will be liable to pay the Auctioneers an administration * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 11 14a North Street, Midhurst, Reserve below £150,000 West Sussex GU29 9DJ 6 WEEK COMPLETION THIS LOT IS BEING OFFERED WITH LOT 10. REFER TO LOT 10 FOR AMENDED PARTICULARS SITUATION ACCOMMODATION Located in this attractive town centre position, close to the First & Second Floor Flat junction with Knockhundred Row being adjacent to Pizza 2 Bedrooms, Living Room, Kitchen/Diner, Shower/WC Express and amongst a variety of other multiples such as GIA Approx. 1,045 sq ft Costa Coffee, Boots, Tesco Express, Barclays, Cancer Research and The British Heart Foundation all serving the surrounding residential area. VAT is NOT payable in respect of this Lot Midhurst lies some 20 miles north of Chichester, 9 miles east of Petersfield and enjoys excellent road access via the A272 and A286. TENURE Leasehold for a term of 125 years from completion at a ground rent of £100 p.a. doubling every 25 years. PROPERTY Forming part of a mid terrace property comprising a Large Self-Contained 2 Bedroom Flat (accessed via a side Offered with FULL VACANT POSSESSION alleyway) at first and second floor level. There is Gas Central Heating (not tested) and please note that part of the flat flies over the adjoining building to the left Note: The flat was previously under offer at £170,000. at second floor level. JOINT AUCTIONEERS King & Chasemore, West Street, Midhurst, West Sussex GU29 9NQ Tel: 01730 812 456 Ref: S. Edwards Vacant 2 Bed Flat VENDOR’S SOLICITORS BPE Solicitors – Tel: 01242 224 433 The Surveyors dealing with this property are Ref: Ms Nicola Corner – Email: nicky.corner@bpe.co.uk MATTHEW BERGER and JONATHAN ROSS FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 21 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 12 32 Linksway, *Reserve below Northwood, £2,000,000 Middlesex HA6 2XB COMPLETION 15TH MARCH 2016 SITUATION ACCOMMODATION (Measurements to maximum points) Located on the prestigious Linksway being adjacent to Northwood Golf Club and Ruislip Woods Nature Reserve Ground Floor and conveniently situated for numerous sought after schools Entrance Hall & Coat Cupboard 16'8" × 11'11" and being about 1 mile from Northwood town centre and its Living Room 20'0" × 13'1" multiple shopping facilities. Leading to Conservatory/Sun Room 21'10" × 8'10" The area is well served by public transport being Dining Room 16'6" × 13'1" approximately 1 mile from Northwood (Metropolitan Line) Kitchen/Breakfast Room 23'4" × 10'8" Station and only 5 miles from the M25 (Junction 18) for Utility Room 8'2" × 7'7" Chorleywood, 4 miles from Watford and 6 miles from Harrow. Separate WC First Floor PROPERTY Bedroom 1 20'0" × 13'1" An impressive individual detached 4 Bedroom House set on Bedroom 2 16'7" × 13'1" a wide plot arranged over 2 floors with a 23ft Kitchen/ Bedroom 3 11'11" × 11'10" Breakfast Room, extensive front and rear gardens and a Bedroom 4 10'8" × 7'7" Summer House. Bathroom There is an integral Double Garage, gas fired central heating Separate WC and fitted wardrobes in each bedroom. Exterior The property may lend itself to a programme of major Summer House 18'4" × 9'10" extension or improvement, or alternatively replacement Double Garage 20'3" × 15'0" with a new dwelling, subject to obtaining the necessary 55 ft Front Garden with carp fish pond consents. 150 ft Rear Garden Total GIA Approx. 2,600 sq ft Vacant 4 Bed House The Surveyors dealing with this property are JOHN BARNETT and JONATHAN ROSS 22 * Refer to Point 9 in the ‘Notice to all Bidders’ page
32 Linksway, Northwood, LOT 12 Middlesex HA6 2XB Rear Garden Living Room and Sun Room © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale VAT is NOT payable in respect of this Lot FREEHOLD offered with FULL VACANT POSSESSION Note: No. 36 Linksway (see map above) is a new build 6 bed Octagon home (with a separate studio) which is on the market for £5,450,000. VENDOR’S SOLICITORS Hanney Dawkins & Jones – Tel: 020 8866 2144 Ref: I. Archer – Email: reception@hdj-law.co.uk FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 23 fee of £500 (including VAT) upon exchange of contracts
LOT 13 Garages r/o 39 & 41 Dawlish Avenue, *Reserve below Palmers Green, £30,000 London N13 4HP 6 WEEK COMPLETION SITUATION Located in this residential area accessed via a roadway between 2 semi-detached houses, just a short distance to Arnos Grove Underground Station (Piccadilly Line) and Palmers Green Rail Station. The property enjoys good road links via the North Circular Road and the Great Cambridge Road (A10) being approx. 8 miles north of Central London. PROPERTY Comprising 6 Lock-Up Garages. VAT is NOT payable in respect of this Lot FREEHOLD © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale TENANCIES & ACCOMMODATION Property Lessee Term Ann. Excl. Rental Garage 1 Individual Monthly £264 Garage 2 Individual Monthly £360 Garage 3 Individual Monthly £264 Garage 4 Individual Monthly £480 Garage 5 Individual Monthly £600 Garage 6 Individual Monthly £264 TOTAL £2,232 JOINT AUCTIONEERS Williamson Dace Brown, 22 Canon Hill, Southgate, London N14 6BY Tel: 020 8886 4407 Ref: A. Brown £2,232 per annum VENDOR’S SOLICITORS Barnes & Partners – Tel: 01920 400742 Ref: Ms Andrea Greenwood The Surveyors dealing with this property are Email: a.greenwood@barnesandpartners.com JONATHAN ROSS and NICHOLAS BORD FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE 24 The successful Buyer will be liable to pay the Auctioneers an administration * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 14 Garages at Wood Lane, *Reserve below Dagenham, £350,000 Essex RM8 3NH 6 WEEK COMPLETION © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale SITUATION PROPERTY Located behind a well-established retail parade accessed via An unbroken irregular shaped site comprising 37 Lock-up a rear service road which connects with Winmill Road and Garages and a Roadway. Weylond Road and lies approx. 1 mile north of Dagenham Site Area Approx. 0.15 acres. Heathway Underground Station (District Line - just over 30 minutes to Aldgate East). Dagenham is a densely populated residential area being FREEHOLD approximately 4 ½ miles east of Ilford and 3 miles south-east of Romford benefitting from good road links to the North Note 1: The property is in an area very suitable for Circular Road (A406). residential development or for houses in multiple occupation, which gives potential for future development VAT is NOT payable in respect of this Lot subject to obtaining the neccessary consents. TENANCIES & ACCOMMODATION Property Lessee Term Ann. Excl. Rental Remarks 24 Garages Various Weekly/Monthly Tenancies £12,480 Each Garage is let at £520 p.a. 3 Garages Various Weekly/Monthly Tenancies £2,340 Each Garage is let at £780 p.a. 10 Garages V A C A N T £14,820 plus TOTAL 10 Vacant Garages Note 2: Tenancy information accurate as at time of £14,820 p.a. Plus printing – refer to Special Conditions of Sale. 10 Vacant Garages VENDOR’S SOLICITORS Ref: A. Kellner – Tel: 01707 667 300 Email: anthony@panthersecuritiesplc.com The Surveyors dealing with this property are JOHN BARNETT and NICHOLAS LEIGH FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 25 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 15 46/48/50 High Street, *Reserve below New Romney, £400,000 Kent TN28 8AT 6 WEEK COMPLETION SITUATION View along the High Street Occupying a prominent trading position close to the junction with Ashford Road within the principal retailing area of the town and being amongst a variety of local restaurants, The Property retailers and multiple traders including Natwest, Lloyds Bank, Lloyds Pharmacy, Spar, Post Office and The British Red Cross. New Romney is an attractive town lying off the main A259, being approx. 18 miles north-west of Hastings and 13 miles south-west of Folkestone. PROPERTY A substantial detached building comprising 3 Ground Floor Shops (a Restaurant, Takeaway & an Estate Agent) with separate front and rear access to 4 Self-Contained Flats at first floor level plus a small area at second floor. In addition the property benefits from a rear car park for unloading and parking for 9 cars. VAT is NOT payable in respect of this Lot FREEHOLD £41,500 per annum The Surveyors dealing with this property are © CROWN COPYRIGHT. All rights reserved. Licence number 100040809 – Plan not to scale JOHN BARNETT and JONATHAN ROSS 26 * Refer to Point 9 in the ‘Notice to all Bidders’ page
46/48/50 High Street, New Romney, LOT 15 Kent TN28 8AT TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks No. 46 Gross Frontage 33'3" K. Gibbons 7 years from £18,000 FRI (Ground Floor Internal Width 31'1" (with 1 surety) 27th February 2012 Rent Review 2016 Restaurant – 60 Restaurant Depth 40'8" (Aboyne House Fish Covers) Built Depth 59'6" Restaurant) 3 WC’s No. 48 Gross Frontage 22'9" S. Gibbons 7 years from £13,000 FRI (Ground Floor Internal Width 20'4" (with 1 surety) 27th February 2012 Rent Review 2016 Takeaway) Takeaway Depth 15'0" (Fish & Chip Built Depth 34'1" Takeaway) WC No. 50 Gross Frontage 22'11" Hawkins & Co 9 years & 10 days from £10,000 FRI (Ground Floor Internal Width 20'10" (with 1 surety) 18th September 2012 Rent Reviews 2017 & 2021 Shop) Shop Depth 15'8" (Estate Agents) Built Depth 29'9" WC 4 Flats Not Inspected Various 125 years from £500 FRI (First Floor) between 2011 and 2015 £125 per flat TOTAL £41,500 VENDOR’S SOLICITORS Druces LLP – Tel: 020 7638 9271 Ref: Ms Suzanne Middleton-Lindsley – Email: esml@druces.com FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 27 fee of £500 (including VAT) upon exchange of contracts
LOT 16 9/9a New Parade, Hill View Road, *Reserve below Ensbury Park, Bournemouth £150,000 Dorset BH10 5BG 6 WEEK COMPLETION SITUATION PROPERTY Located at the junction with Coombe Avenue opposite A terraced property comprising a Ground Floor Shop with Hillview Primary School within this established and fully separate front access to a Self-Contained Flat at first floor occupied local shopping parade including branches of level which benefits from sole use of a rear garden. Premier Stores, Rowlands Pharmacy and a Post Office, serving the surrounding residential area some 3 miles north VAT is NOT payable in respect of this Lot of Bournemouth town centre. Bournemouth is one of the south coast’s most popular FREEHOLD seaside resorts with excellent road links via the A31 and A338 to the M27 and M3. TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks No. 9 Gross Frontage 19'3" Mrs W. Harrison t/a 6 years from £4,200 FRI (subject to a schedule of (Ground Floor Internal Width 14'2" Thai Wellbeing 10th February 2011 condition) Shop) Shop Depth 30'7" (Massage, Visit: thai-wellbeing.co.uk WC Reflexology Treatment Centre) No. 9a 2 Bedrooms, Living Room, Kitchen, Previously Under Offer at (First Floor Bathroom/WC plus Garden £115,000 Flat) VACANT £4,200 plus TOTAL Vacant Flat £4,200 per annum JOINT AUCTIONEERS Goadsby, 99 Holdenhurst Road, Bournemouth, Plus Vacant Flat Dorset BH8 8DY Tel: 01202 550000 – Ref: T. Chapman VENDOR’S SOLICITORS Bude Nathan Iwanier – Tel: 020 8458 5656 Ref: B. Dubiner – Email: bd@bnilaw.co.uk The Surveyors dealing with this property are MATTHEW BERGER and JONATHAN ROSS FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE 28 The successful Buyer will be liable to pay the Auctioneers an administration * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 17 93 Sydenham Road, *Guide: £275,000 Sydenham, OVER 9¼ YEARS UNEXPIRED London SE26 5UA TO WILLIAM HILL View from Property 6 WEEK COMPLETION SITUATION PROPERTY Located close to the junction with Mayow Road in this well A mid terrace building comprising a Ground Floor Shop established retail thoroughfare and amongst such multiple with separate rear access to 2 Self-Contained Flats on the retailers as Tesco Express, Ladbrokes, Co-op Food, Paddy first and second floors. In addition, the property benefits Power, Boots, Subway, Post Office, Morley’s and from use of a rear service road. NatWest. In addition, Sydenham Railway Station is just a few hundred yards away. FREEHOLD Sydenham lies just east of Crystal Palace and South of Dulwich, approximately 9 miles from central London. Note: In accordance with s.5B of the Landlord & Tenant act 1987, Notices have been served on the Lessees and VAT is NOT payable in respect of this Lot they have NOT reserved their rights of first refusal. This Lot cannot be sold prior to auction. TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks Ground Floor Gross Frontage 19'10" William Hill 20 years from £18,350 FRI Shop Internal Width 17'9" Organization Ltd 27th May 2005 Rent Review 2020. narrowing at rear to 14'1" (Having over 2,300 The Tenant did not exercise Shop & Built Depth 72'4" branches) their May 2015 Break 3 WCs Clause. Area Approx 1,095 sq ft First & Second Not inspected Various Each 125 years from £300 Each FRI Floors 1st January 2004 (£150 per Flat) Rents double every 25 (2 Flats) years. TOTAL £18,650 £18,650 per annum VENDOR’S SOLICITORS Fladgate LLP – Tel: 020 3036 7233 Ref: A. Wallace – Email: awallace@fladgate.com The Surveyors dealing with this property are STEVEN GROSSMAN and MATTHEW BERGER FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration 29 * Refer to Point 9 in the ‘Notice to all Bidders’ page fee of £500 (including VAT) upon exchange of contracts
LOT 18 12/18 Crown Hill, *Reserve below £3,500,000 Croydon, (GROSS YIELD 8%) Surrey CR0 1RZ 6 WEEK COMPLETION The Property SITUATION PROPERTY Occupying a prime trading position between Frith Road and Forming part of a substantial corner block comprising a Large the pedestrianised North End, in the heart of the Town Ground Floor Retail Store with excellent window frontage. Centre, adjacent to the Centrale Centre and amongst a variety of multiple retailers such as Primark, Debenhams, ACCOMMODATION (¹Area supplied by Vendor.) Barclays, Subway, KFC and many others. In addition, the Ground Floor Retail Store daily market (except Sundays) in Surrey Street is directly Gross Frontage 54'1" opposite. Internal Width 48'10" widening to 69'0" (max) There are excellent transport links with the Tramlink running Shop Depth 123'4" directly outside the property as well as the numerous bus & Built Depth 169'8" train services providing easy access to Central London and GIA Approx 12,782 sq ft¹ other major destinations in the South East. VAT is payable in respect of this Lot Croydon has a population over 300,000 and is a major retail and commercial centre located some 12 miles south of TENURE London and 9 miles north of the M25 (J6) via the A22. Leasehold for a term of 999 years from completion at a peppercorn. The town is currently undergoing a substantial transformation spearheaded by the Croydon Partnership, a joint venture TENANCY between Westfield and Hammerson which will oversee the The property is let on a full repairing and insuring lease to £1 billion redevelopment of the Whitgift Centre into a new 99p Stores Ltd (now owned by Poundland Group Plc state-of-the art Retail and Leisure centre with over 300 shops, having a combined total of 890 branches in the UK) restaurants and cafés, together with new transport (Poundland Group Plc T/O for Y/E 29/03/2015 £1.11bn, infrastructure and between 400 – 600 new homes. Pre-Tax Profit £36.15m and Shareholders’ Funds £226.6m) for a term of 10 years from 13th January 2012 at a £280,000 p.a. rising to current rent of £280,000 per annum exclusive. £315,000 p.a. in 2017 Rent Review January 2017 to the higher of market rent or £315,000 p.a. The Surveyors dealing with this property are Note: We understand the store is being rebranded as a JONATHAN ROSS and STEVEN GROSSMAN Poundland in 2016. 30 * Refer to Point 9 in the ‘Notice to all Bidders’ page
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