Auction House London

Lot 21

Mixed Use - Commercial Property 

39 The Broadway

Elm Park, Essex, RM12 4RN

Sold for £425,000

A Freehold Mixed Use Investment Comprising a Ground and Lower Ground Floor Lock-Up Shop with a Three Bedroom First & Second Floor Maisonette and a Self-Contained One Bedroom Flat to the Rear. Fully Let Producing £34,200 per annum

Description

The property comprises a four storey mid terrace building arranged as a ground and lower ground floor shop (A1 use) with two separate self-contained flats above and to the rear.

Location

The property occupies a prominent position on an established main shopping parade in the popular Elm Park area. Nearby multiples include Domino's, Sainsburys and many others. The open spaces of the Chase Nature Reserve as well as Harrow Lodge Park are both within easy reach. Transport links are provided by Elm Park underground station (District line) which is a very short walk away.

Exterior

The property benefits from 4 parking spaces in tandem to the rear. Furthermore, the lower ground floor flat benefits from its own rear yard due to the sloping nature of the site.

VAT

VAT is not applicable

Addendum

In accordance with the EA Act 1979 a connected person to AHL has an interest in this property.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Shop Ground & Lower Ground Shop Area Let on a 10 year FRI Lease from 2011 with 5 yearly rent reviews £12,000
Flat A First & Second Three Bedroom Maisonette Let on an 12 month AST from 09/12/2018 at a rent of £1,000 pcm £12,000
Flat B Lower Ground One Bedroom Flat with Rear Yard Let on an 12 month AST from 30/01/2019 at £850 pcm £10,200

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Open House Viewings:
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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*Sold Prior to auction, for an undisclosed amount

Enquire about 39 The Broadway, Elm Park, Essex, RM12 4RN

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