Greater London, KT3 4PS

FOR SALE BY UNCONDITIONAL ONLINE AUCTION: https://online.sdlauctions.co.uk/lot/details/9447

This is an exciting opportunity to purchase a site currently used as a commercial premise in the popular KT3 area, and is moments away from Richmond's Isabella Plantation, Rose Theatre in Kingston, Mystery Cube in Wimbledon and the Wimbledon Lawn Tennis Museum.

Raynes Park is just a stone’s throw away from the delights of Wimbledon Common and teeming with excellent sporting facilities like the David Lloyd Raynes Park, benefitting from the proximity.

Coombe Lane was voted London’s best performing high street in 2012 – serviced by a post office, banks and independent shops as well as a handful of well selected chain stores. There’s a strong feeling of community spirit here embodied by the active Raynes Park and West Barnes Residents' Association, set up in 1928 to protect the local environment.

This neighbourhood involvement contributes to the exceptionally low levels of crime, which combined with good schools and attractive properties, attracting families and young professionals looking for a taste of life on the edge of the city.

These sites are serviced by a number of popular shops and amenities, and is in the area for some of the top performing schools in the Merton Borough including:

• Sacred Heart Catholic Primary School • Raynes Park High School • Coombe Boys' School • Burlington Junior School

Local activities and sports recreation include: David Lloyds, Hockey, Swimming, Football, Golf, Rugby, Squash and Badminton.

Tenure

See Legal Pack

Conditions of Sale

The Conditions of Sale will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

Viewing Details

Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.

Unconditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If the reserve is met or exceeded when the auction timer ends, the successful bidder is charged a 5% deposit (subject to a minimum fee of £5000) and exchange takes place. At this point, you will be legally obliged to buy the property for the full purchase price. The deposit contributes towards the purchase price.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London, subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

Therefore we will automatically charge you a minimum fee of £11,000, (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee and deposit. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing the bid, you are authorising the auctioneer to sign the auction contract on your behalf.