Garages at, Park Road, KINGSTON UPON THAMES, Surrey, KT2 5LX

LOT 54 - ANNOUNCEMENT - V5 16 DECEMBER
Please read "Announcement" document and "Notices" document in full.
LOT 54 – GARAGES AT PARK ROAD, KINGSTON, SURREY
There is a revised “Addendum sheet” purchasers’ attention is drawn to clauses 3 & 4 which have been amended to read as follows:Copies of a number of sworn Statutory Declarations, are also available from the Auctioneer's website under "Notices.3. The Seller has no information relating to who uses the garages what is stored in the garages and how often they are accessed.4. There has been ongoing dialogue over a period of a number of years between the Seller and various parties, including the owner of 361 Park Road, relating to the exercise of rights of way over the accessway and other rights. Copies of a number of sworn Statutory Declarations in the Council’s possession relating to such rights have been made available but the Seller is not in a position to confirm whether it is in possession of all relevant information and/or whether all relevant information has been disclosed. Further, the Seller will not be able to assist in dealing with any claims that may be brought in this regard following completion and this will therefore be entirely buyer’s risk. There are revised special conditions of sale for this lot, copies of which are available from the Auctioneers website and a copy will be attached to the contract.



Freehold dilapidated garages and access road
Part sub-station (expired/holding over)
Approx. 0.12 acres
6 weeks completion

Location:
The property is situated off park Road (between 353 and 355), within a predominantly residential area and backing onto allotment gardens. Transport options include local bus routes, Kingston or Norbiton rail stations and road links via the A3, A307 and A308 linking to amenities of Kingston, Richmond, Richmond Park and Putney

Description:
A garage site comprising 8 dilapidated garages, access road and substation (Let) to the south within a residential area.

Total site area:
Approx. 0.12 acres (including sub station)

Tenancy/lease:
The sub station is held on a lease to South Eastern Power Networks Plc at a rent of £350pa. The Tenant appears to be holding over (contractual lease term expired on 28 August 2013). Rent and rights of way may exist – refer to legal pack.

Potential:
1) The property may be suitable for a variety of uses or potential development – subject to consents where necessary.
2) Potential to re-negotiate sub-station lease/rent. Auctioneers are advised that no rent has been collected by the Council for the duration of the contractual term and any period of holding over. Refer to Special Conditions of Sale within the legal pack where the Council assigns its right to recover any rent it has not recovered from the tenant to the buyer – purchasers to rely on their own enquiries.

To view: Strictly by careful external application to the site without entry to the garages.





Important Notice:
For each Lot, a contract documentation fee of £1,500 (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.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
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. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. 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.