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Lot 9 Click here for addendum

GROUND RENT INVESTMENT
6 Week completion

SITUATION

Located in the heart of this extremely affluent north London suburb, opposite Hampstead Underground Station (Northern Line) and Hampstead High Street and amongst a variety of multiples such as Foxtons, Fired Earth, Zara Home, an Everyman Cinema along with a variety of Cafés and eateries.
Regent's Park and Primrose Hill are both located within 1¾ miles as well as Marble Arch being only 3 miles distant.

PROPERTY

Forming part of this attractive corner building with an entrance from Holly Hill comprising 9 Self-Contained Flats planned on first, second, third and fourth floors as well as the lower ground floor.

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 125 years from 25th December 1990 (thus having approx. 97 ½ years unexpired) at a peppercorn ground rent.

Note 1: In accordance with Section 5B of the L & T Act 1987, Notices were served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the auction.

Note 2: The building was the local fire station having been built in 1873.

*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.

The Clocktower Flats, 49 Heath Street, Hampstead, London NW3 6UD