December 2020: Wednesday 16 December 2020 - 10:00am
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    Key features

    • Prominent retail parade with residential upper parts
    • Planning for two semi detached houses and two additional flats
    • Producing £31,760 per annum
    • A vacant two bedroom flat

    Description

    Retail parade

    Three ground floor shop units (32, 34 & 38)

    Two first floor flats (36 & 40)

    The vacant flat (36) requires modernisation

    Rear parking and garages

    Additional information

    Tenure

    Freehold

    Accommodation

    No 32 - Ground Floor Shop Unit, Florist - 371 sq ft (approx)

    No 34 - Ground Floor Shop Unit, Massage Therapy Salon 304 sq ft (approx)

    No 36 - First Floor Flat - Two Bedrooms, Reception Room, Kitchen, Bathroom/WC (Vacant)

    No 38 - Ground Floor Shop Unit, Sandwich Bar - 775 sq ft (approx)

    No 40 - First Floor Flat - Two bedrooms, Reception Room, Kitchen, Bathroom/WC (Let)

    Tenancy

    No 32 - Ground Floor Shop Unit, Lilys of Lingfield - Tenancy at will from 13th July £80.00 per week

    No 34 - Ground Floor Shop Unit, Massage Therapy Salon - 10 year lease from 19th June 2019 £8,400 per annum

    No 36 - First Floor Flat - VACANT

    No 38 - Ground Floor Shop Unit, The Baguette Bar - 10 year lease from 1 January 2011 £9000 per annum

    (tenant will sign a tenancy at will from 2/1/21 at a rent of £820 pcm

    No 40 - First Floor Flat, 12 month AST from 6th June 2019 £10,200 per annum (holding over)

    Planning

    Permission (ref TA/2020/1174) was granted on the 6 November 2020 for demolition of existing garages and erection of a pair of two storey semi -detached dwellings with associated parking and landscaping fronting Headland Way.alterations and erection of first floor rear extension to the existing building to provide an additional one bedroom flat,construction of 2 rear terraces.Erection of roof extensions and six dormer windows in association with the conversion of loft space to provide an additional two bedroom flat with associated terrace.Formation of hard-standing and landscaping works.

    Rent

    Total current rent £31,760 per annum

    Notes

    Please note completion is 6 weeks

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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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      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.

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

      Local information

      The property is situated on the junction of Godstone Road and Headland Way close to the heart of Lingfield Village

      Shopping facilities are available locally in Lingfield Village

      Recreational facilities are available in the surrounding countryside

      Near by road communications are via the B2028 whilst junction 6 of the M25 is within easy reach

      Transport

      Lingfield (National Rail)

      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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