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Lot 55
25b Market Place, Falloden Way, Hampstead Garden Suburb, London NW11 6JY

  • Photo1
  • Photo2

6 Week completion

SITUATION

Located in this highly affluent north London suburb, surrounded by the local eateries and shopping facilities on Market Place and only 1 mile of East Finchley Underground Station (Northern Line). Lyttelton Playing fields are within close proximity and the property benefits from good road links via the North Circular Road providing access to the nearby Brent Cross Shopping Centre.

PROPERTY

Comprising a 4 Bedroom Self-Contained Flat within this mid terrace building benefitting from:
• Gas Central Heating
• Balcony to the rear
• Fitted Kitchen
• Entry phone system
• Double glazing

ACCOMMODATION

Second & Third Floor Flat
4 Bedrooms, Living Room, Kitchen, Bathroom/WC

GIA Approx. 1,020 sq ft

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 189 years from 14th April 1992 at a peppercorn (thus having approx. 163½ years unexpired).

TENANCY

The property is let to 4 individuals each on separate ASTs at a total combined rent of £27,360 per annum exclusive.

Note 1: There is a £2,066 Rent Deposit held.

Note 2: Flat 27b, which is also a 4 Bed, Flat sold in April 2014 for £520,000 - Source: Zoopla.

Note 3: There may be potential to convert to 2 smaller flats, subject to obtaining the necessary consents.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.