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Floorplan
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    Key features

    • To be offered on Tuesday 10 February
    • Comprising of a lock up shop at ground floor & 2 x bedroom self contained flat at 1st floor
    • Current tenants lease has expired (Holding over)The tenant has an overriding lease over the entire property
    • Asset management potential to improve the passing rent through re-gearing the existing lease on the ground floor and letting the flat out on a sperate agreement
    • VAT free investment
    • Investment let at £17,400 p.a.

    Description

    A freehold mid terrace property comprising of a lock up shop at ground floor and a 2 bedroom self-contained flat at 1st Floor. There is an overriding lease across both the commercial unit and flat upstairs.

    The tenant of No28 is currently holding over (lease has expired), offering the potential to let the flat out on a separate agreement and re-gear the existing lease on the ground floor.

    The above asset management potential are subject to negotiation with the existing tenants.

    Additional information

    Tenure

    Freehold

    Please note that part of the kitchen in the flat at No 28 is held on 999 year leasehold interest (virtual freehold)

    Accommodation

    Please refer to floor plan

    Tenancy

    28 & 28A High Street Ground floor and First floor flat

    • Let to Board of Ironing
    • Lease has expired and the tenant is Holding Over
    • Overriding lease over the ground commercial premise and 2 x bedroom flat at 1st floor
    • Investment let at £17,400 p.a.
    • This is increasing to £18,000 p.a. in March 2026 there is a email chain between Landlord and tenant stating this increase

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own enquiries prior to bidding. Please refer to the legal pack.


    Joint Auctioneer

    Alec Askew

    Mob: 07846325322

    Email: alec@askhart.co.uk

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      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.

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      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

      The property is located on the East side of the High Street close to the junction with Hollowell Road.

      Northwood Station located an approx. 0.6 miles from the property.

      Transport

      Northwood Station - Underground services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

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