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Home » Property Search » Auctions » 13/12/16 » 1033 London Road, Thornton Heath, Surrey, CR7 6JF

Lot 30 - 1033 London Road, Thornton Heath, Surrey, CR7 6JF

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FREEHOLD COMMERCIAL & GROUND RENT INVESTMENT

Guide price: £140,000 - £150,000 *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

A terraced ground floor restaurant with two flats above, both sold on long leases.

On the west side of London Road, forming part of a local retail parade between Galpins Road and Headcorn Road approximately 2 miles from West Croydon and Streatham stations.

EQUIVALENT TO £11,150 p.a.

Result

Sold for £183,000.

Accommodation

Column 1 Column 2 Column 3
1033a: Sold on 125 year lease from 24.06.1986 at £75 p.a.
1033b: Sold on 125 year lease from 24.06.1986 at £75 p.a.
1033 Ground Floor Shop (from VOA):
Retail Area: 515 sq ft (47.8 sq m
Kitchen: 75 sq ft (6.9 sq m)
Total: 590 sq ft (54.7 sq m)

Held on a 20 year lease by way of assignment to Algohar Barioz from 29.06.2007 at £11,000 p.a. with rent reviews every 5 years.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.