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Lot 57 Click here for addendum

6 Week completion

SITUATION

Located just a short walk of Stoke Newington Overground Station and Stoke Newington High Street providing a host of shopping facilities as well as a number of Cafés and Restaurants serving the surrounding residential area. The open spaces of Abney Park are also just yards away.
Stoke Newington is situated midway between Stamford Hill and Dalston and approx. 3 ½ miles north of the City of London.

PROPERTY

Comprising a 1 Bed Ground Floor Flat within this well-known gated purpose built Victorian development which benefits from use of an L-Shaped cobbled road and communal gardens.

ACCOMMODATION

Ground Floor Flat
1 Bedroom, Open Plan Kitchen/Living Room, Bathroom, WC

GIA Approx. 450 sq ft

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 99 years from 29th September 1979 (thus having approx. 61 years unexpired - see Note) at a ground rent of £50 p.a. rising to £75 in 2045.

Offered with VACANT POSSESSION

Note: The immediate Landlord holds a lease for a term of 175 years from 25th December 1984 (thus having approx. 142 years unexpired) and will sell this interest for £35,000 (plus costs) subject to contract.

*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.

60 Gibson Gardens, Stoke Newington, London N16 7HD