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Commercial property for sale

Maple Road, LONDON

£500,000

Property Description

Key features

  • UNSOLD AT AUCTION
  • 13 March 2012
  • Tel: 0208 741 9990
  • www.barnardmarcusauctions.co.uk

Full description


SUMMARY
AVAILABLE AT 500,000 - Investment


DESCRIPTION
location:
The property is situated on Maple Road, which is located off the south side of
High Street (A234). Penge provides a range of amenities with further amenities
found in Crystal Palace to the west and in Thornton Heath to the south. Public
transport links include Penge West Rail Station, Penge East Rail Station together
with local bus services serving the surrounding area. The property serves a
mixed catchment area of both residential and commercial properties with trade
being gained by high volumes of pedestrian and vehicular traffic.

description:
The property comprises a former public house, which has been converted to
provide two ground floor retail units with 3x one bedroom flats arranged over
the first floor.

total rent reserved:
45,900 per annum.

to view:
Strictly by arrangement with the auctioneers.

accommodation:
Ground floor shop (201-203)- 33.23m2 (357 sq.ft.)
Let on a lease for a term of 10 years from 20/6/2010 (with 5 yearly rent reviews) at a rent of 1,042 per month.
Rent p.a.: 12,500

Ground floor shop (no. 205)- 51.78m2 (3557 sq.ft.)
Let on a lease for a term of 10 years from 20/4/2010 (with 5 yearly rent reviews) at a rent of 833 per month.
Rent p.a.: 10,000

Flat 201- One bedroom self contained flat
Let on an AST for a term of 12 months from 22/3/2010 (holding over) at a rent of 650 per month
Rent p.a.: 7,800

Flat 203 - One bedroom self contained flat
Let on an AST for a term of 12 months from 22/3/2010 (holding over) at a rent of 650 per month
Rent p.a.: 7,800

Flat 205 - One bedroom self contained flat
Let on an AST for a term of 12 months from 22/3/2010 (holding over) at a rent of 650 per month
Rent p.a.: 7,800



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


More information from this agent

To view this property or request more details, contact:

Barnard Marcus, Hammersmith Auctions

Sovereign House, 361 King Street Hammersmith London W6 9NA

020 3324 5800 Local call rate

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Disclaimer

Property reference AUC0002216. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnard Marcus, Hammersmith Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.