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Lot 40 Click here for addendum

GROUND RENT INVESTMENT
6 Week completion

SITUATION

Located in this residential area and within easy walking distance of the attractive High Street which includes Barclays Bank, Imagine Estate Agents, Post Office, Spar, The Red Lion and William Hill as well as a number of local eateries and retailers.
Bushey is an affluent village approximately 1½ miles from Watford with excellent transport links via Bushey Station (Mainline - 15 minutes to London Euston), the M1 (Junction 5) and M25 (Junction 19).

PROPERTY

Comprising 3 Self-Contained Flats planned over the ground and first floors together with 3 Garages within this purpose-built apartment block which benefits from off-street communal parking.

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 125 years from 26th August 2011 at a peppercorn ground rent.

Note: 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.

*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.

Flats 1/2/3 Museum Mews, Rudolph Road, Bushey, Hertfordshire WD23 3DU