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Lot 56

IN SAME OWNERSHIP FOR OVER 20 YEARS

SITUATION

Located close to the junction with Farringdon Road and just yards of Exmouth Market which hosts a variety of fashionable cafés and eateries. Barbican, Russell Square and Chancery Lane Underground Stations are all within walking distance as well as King's Cross St Pancras Station being approx. ¾ mile away.
The City of London lies just over a mile to the south-east and Covent Garden approx. 1 mile south-west.

PROPERTY

A 2 Bedroom Self-Contained Flat on the first floor of this modern building built circa 1993 and benefitting from:
• Double Glazed Windows
• Communal Gardens
• Lift
• Day Porter
• Entry phone system

ACCOMMODATION

First Floor Flat
2 Bedrooms
Living Room
Kitchen
Bathroom/WC (with underfloor heating)
Shower Room/WC (with underfloor heating)

GIA Approx. 604 sq ft

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term expiring 1st May 2138 (thus having approx. 120 years unexpired) at a fixed ground rent of £25 p.a. PLUS SHARE OF FREEHOLD.

Offered with VACANT POSSESSION

Note: A similar flat at No. 22 Rosebery Court sold for £711,000 in November 2014 (Source: Zoopla.co.uk)

*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.

5 Rosebery Court, Rosebery Avenue, Clerkenwell, London EC1R 5HP