Lot 24 – 256 / 256a Fore Street, Edmonton, N18 2QD

Property Enquiries

Jeremy Lamb

jeremy.lamb@bidx1.com
+44 (0) 20 7358 5653

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BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Michael Ward

michael.ward@blakemorgan.co.uk
0118 955 3000
Description
Map
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Property Summary
  • BY ORDER OF THE LPA RECEIVERS 
  • Ground floor shop
  • Two bed first floor flat
  • Investment producing £31,200 per annum 
Tenure

Freehold

Location

Situated within a mixed use parade on a busy arterial route linking Tottenham with Edmonton. The propety is located opposite the junction with Park Avenue and benefits from meter parking directly outside the shop. The surrounding area is a mix of retail and high density residential. Silver Street railway station (direct link to Liverpool Street with a journey time of approximately 26 minutes) is close by. Other nearby occupiers include William Hill, Excel Dental Laboratory and Cobblers Coffee together with many other local traders and resturants. Recreation facilities can be found at Pymmes Park.

Rental Information

Total rent reserved £31,200 per annum 

VAT
Please refer to Legal Documents
Property Table
UnitAccommodationTenancyRent
256A (first floor flat)Two bedrooms, reception room, bathroom/wc, kitchen
Gross internal area approx 46 sq. m (495 sq. ft)
Let on a 12 month assured shorthold tenancy from 30/08/2017 at a rent of £1,300 per calendar month£15,600 per annum
256 (ground floor shop)Retail area, internal storage, store room, staff wc
Gross internal area approx 121.11 sq. m (1,304 sq ft)
Let to an individual t/a Masha Allah Mall Centre on an 18 year lease from 20/06/2008 at a rent of £15,600 per annum£15,600 per annum

 


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount of £4,500 from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.