Lot

72

341/341a/341b/341c London Road, Croydon, CR0 3PA

Property Enquiries

Mat Harris

mat.harris@bidx1.com
+44 (0) 20 3929 8291

Viewing Registration / Enquiries

BidX1 Support Team

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

Vendor Solicitor

Asif Malik

asif@rcpropertylawyers.co.uk
020 8772 4920

Description

Map

Viewings


Property Summary

Freehold shop and three self contained flats (recently refurbished)
Located in a busy thoroughfare near amenities
Suit investor
Currently producing £43,800 per annum

Tenure

Freehold

Location

The property is located on the west side of London Road between Pemdevon and Fairholme Road. It forms part of a local parade about 1 mile north of Croydon centre with IKEA and Croydon University Hospital being located a short distance to the north. The area is served by numerous bus routes and West Croydon train station. Easy access via Purley Way to the A23/M23 and M25 to the south. 

Description

A tree storey property of traditional construction, consisting of a ground floor shop (operating as a take-away t/a Rotti Mama), a first floor one bedroom flat, a studio flat on the second floor and a studio to the rear of the shop at ground floor (recent extension). The shop trading as a take-away restaurant and has the use of a small store at the rear of the property. The flats were refurbished in 2018.

Tenancy

Please refer to legal documents

Planning

Croydon Council (020 87266800) www.croydon.gov.uk

VAT
Please refer to Legal Documents
Property Table
UNITACCOMMODATIONTENANCYRENT
341 Shop
Rear store
549 sq ft (51 sq m)
Not measured
15 years from 05/05/2016£12,000
341A FlatFirst floor 1 bedroom flatAST from 01/11/2018£11,400
341B FlatSecond floor studio flatAST from 29/09/2018£10,200
341C FlatRear ground floor studioAST from 01/08/2017£10,200

Property measurements have been provided by the vendor.

*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.