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

Lot 50

BY ORDER OF EXECUTORS
IN SAME FAMILY OWNERSHIP FOR OVER 50 YEARS
6 Week completion

SITUATION

Located in this affluent and popular residential suburb nearby the main town thoroughfare of Fortess Road which provides access to the well-known Camden High Street.
Kentish Town is approximately 3 miles away from the West End and benefits from excellent transport links via Tufnell Park Underground Station (Northern Line) and Kentish Town Rail and Underground Station (Thameslink & Northern Lines).

PROPERTY

Comprising a late Victorian mid-terrace unmodernised 5 Bed House planned on ground, first, second and third floors. The property includes a conservatory/kitchen on the ground floor, a cellar and small garden at the rear with a shed.

ACCOMMODATION

Ground Floor>
Front Room 12'11" × 15'6" (into bay)
Rear Room 11'2" × 12'9"
Kitchen/Conservatory 9'4" × 9'9" (door to garden)

Cellar (steps access) 17'5" × 3'7" (under 6'0" height)

Staircase (with chairlift) leading up to:

Half Landing
Bathroom/WC 6'6" × 6'3"

First Floor
Front Bedroom 16'9" × 12'8"
Rear Bedroom 13'1" × 10'11" (with basin)

Second Floor
Front Bedroom 12'10" × 17'6"
Rear Bedroom 11'3" × 13'3" (with butler sink & kitchen)

Third Floor
Rear Bedroom 16'6" × 13'4"

VAT is NOT applicable to this Lot

Offered with VACANT POSSESSION

TENURE

Leasehold for a term of 50 years from 29th September 1975 (thus having approx. 7¼ years unexpired) at a current rent of £10,000 per annum exclusive.

Note 1: The original lease was granted for 99 years from 29th September 1876 but this was extended by 50 years from 29th September 1975 at £320 p.a. subject to one review in the year 2000 when it increased to £10,000 p.a.

Note 2: In 2002 The Commonhold and Leasehold Reform Act was passed which enabled lessees who had opted for the 50 year extension to be granted a second chance to purchase their Freehold.

Note 3: The Vendors will, after exchange of contracts and prior to completion, serve any Notices drafted by the Purchaser's solicitor upon the Freeholders in order to Enfranchise the Freehold (see Special Conditions).

*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.

17 Oakford Road, Kentish Town, London NW5 1AJ