For sale by Unconditional Online Auction.
On behalf of Chestertons - East Sheen

DRAFT DETAILS - awaiting vendor approval

A mid terrace mixed retail and residential property presented in good condition in the centre of East Sheen. There are 4 bedsits, shared communal area (kitchen, bathroom and WC) on the two top floors and a commercial unit on the ground floor with access from Upper Richmond Road West, East Sheen's high street surround by a parade of retail shops, bars and restaurants.


The hair salon is currently is on a renewed 5 year lease and the residential units are all currently tenanted.

The commercial tenancy is currently £24,000 per annum and combined rental income is over £29,000 per annum. Total income generated per annum is over £53,000. Please see the legal pack for tenancy schedule comments.

Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Freehold

EPC Rating: F

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Chestertons