December 2021: Wednesday 15 December 2021 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • An adjoining pair of three storey mid and end of terrace buildings
    • Double intercommunicating shop unit let at £16,000 per annum
    • Two first and second floor purpose built maisonettes with rear garages each sold on a lease
    • Located in a poplar and busy local retail area.
    • Investment let at £16,300 per annum
    • In the same family ownership for about 45 years
    • Completion Date 25th January 2022

    Description

    An adjoining pair of three storey mid and end of terrace buildings arranged as an intercommunicating double shop unit trading as Everest Cash & Carry with separate rear entrances to two first and second floor purpose built marionettes

    Each maisonette has its own garage (No's 1 & 11 respectively) within a rear garage block approached from Anchor Meadow.

    Additional information

    Tenure

    Freehold

    In accordance with Section 5B of the Landlord and Tenant Act 1987, notices have been served on the lessees and they have NOT reserved their rights of first refusal.


    Accommodation

    Ground Floor (No 82 & 84) - Double Shop internal width approximately 33 ft 9''

    Shop depth approximately 29 ft

    Cold store, Store Room, Kitchen, Rear Store, Separate W/C


    First / Second Floor (No 82A) - Maisonette and rear Garage (No 1)

    First / Second Floor (No 84A) - Maisonette and rear Garage (No 11)

    Tenancy

    Ground Floor Shops (Nos 82 & 84) - Let on a lease for a term of 10 years from 28th November 2018 at a rent of £16,000 per annum.

    A rent deposit of £4,000 is held

    Rent Review after 5 years. Next due November 2023


    First / Second Floor Maisonette (No 82A) and rear Garage (No 1) - Sold on a 125 year lease from 24th June 2014 Ground Rent £150 per annum.


    First / Second Floor Maisonette (No 84A) and rear Garage (No 11) - Sold on a 125 year lease from 24th June 2014 Ground Rent £150 per annum.


    Rent

    Total current rent £16,300 per annum

    Notes

    Completion Date 25th January 2022

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Farnborough, famous for its annual air international air show, is located about 33 miles south west of London between Aldershot and Camberley.

      Cove is a poplar suburban area located to the west of Farnborough town centre.

      Situated at the junction of Cove Road (B3014) and Bridge road in a poplar and busy local retail area.

      Nearby traders include a Tesco Express, Betfred and an Esso petrol station.

      Good road links provide access to the A331 and M3.


      Transport

      National Rail - Farnborough, Farnborough North


      Legal documents

      Login to view legal documents

      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums