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SUMMARY
AUCTION SALE 20 June 2017 - For more information and legal documents visit our website barnardmarcusauctions.co.uk



DESCRIPTION
Location:
The property is situated on the East side of Chestnut Grove close to its junction with Conway Gardens. Public transport links include Beddington Lane Tram and Norbury rail stations along with a network of local bus services serving the surrounding area. Shopping facilities can be found locally with a further range of shops and restaurants to be found in Mitcham and Croydon town centre to the South. Recreational pursuits can be found at Mitcham Common to the South.

Accommodation:
Seven letting rooms, kitchen, two bathrooms, separate WC.

EPC rating: E

Lease:
Held on a lease for a term of 162 years from 29th September 1982.

Tenancy:
Floor Room Tenancy Rent p.c.m
1 Room 1 12 month AST ?85 per week
1 Room 2 12 month AST ?368.33 pcm
2 Room 3 12 month AST ?303.33 pcm
2 Room 4 12 month AST ?90 per week
2 Room 5 12 month AST ?90 per week
3 Room 6 12 month AST ?368.33 pcm
3 Room 7 12 month AST ?368.33 pcm

Rent reserved:
?30,679 per annum

Note:
The property may be considered suitable for subdivision into 1 x 1 bedroom and 1 x 3 bedroom flats ? subject to consents.

To view:
By arrangement with the auctioneers

Important Notice:
A contract documentation fee of ?850 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller?s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.