Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 48

6 Week completion

SITUATION

Located in this residential area opposite the junction with Hillside Drive, just a short walk to the various shopping facilities, restaurants and cafés in High Street and Station Road, the latter of which includes the Broadwalk Shopping Centre, Edgware Underground Station (Northern Line) and the Bus Station.
Edgware is a popular and sought after London suburb located approximately 10 miles north-west of central London by the main A41.

PROPERTY

Comprising a Self-Contained 2 Bed Flat on the ground floor within this purpose built residential block. There is use of a rear communal garden and the property includes gas central heating, uPVC double glazing and entryphone and will be offered part furnished to include:
• Fitted kitchen
• Fridge/Freezer
• Oven/hob
• Washing Machine

ACCOMMODATION

Ground Floor Flat (measurements to maximum points)
Bedroom 1 12'5” × 10'10”
Bedroom 2 11'1” × 7'10”
Living Room 13'5” × 12'6”
Kitchen 8'11” × 7'2”
Bathroom/WC

GIA Approx. 560 sq ft

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 99 years from 25th December 1984 (thus having approx. 67 years unexpired) at a ground rent of £75 p.a. (rising to £150 p.a. from 25th December 2017).

TENANCY

The property is let on an Assured Shorthold Tenancy to an Individual for a term of 2 years from 6th December 2013 (Holding Over) at a rent of £13,200 per annum (£1,100 pcm) exclusive.

Note 1: £1,050 Rent Deposit held.

Note 2: A 2 bed flat at No. 1 Canons Court sold for £292,000 in February 2016.

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

2 Canons Court, Stonegrove, Edgware, Middlesex HA8 7ST