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Lot 55 Sold Prior

Auction: Wednesday 24th October 2018

108 Cleveland Street & 10a Warren Mews, Fitzrovia, London W1T 6NY

  • Photo1
  • Photo2

Lot 55

Ground Rent Investment
6 Week Completion

Situation

Located at the northern end of Cleveland Street near to its junction with Marylebone Road, just a 3 minute walk to Great Portland Street Station and within easy reach of Oxford Circus and Regent's Park.

Property

A mid-terraced building comprising a Ground Floor Shop with separate front entrance to 2 Self-Contained Flats on 3 upper floors.
In addition, there is also a rear House known as 10a Warren Mews planned on basement, ground and mezzanine floors.

VAT is NOT applicable to this Lot

Freehold

Note 1: In accordance with s.5A of the Landlord & Tenant Act 1987, Notices have been served on the lessees at £7,500 and they have not reserved their rights of first refusal.

Note 2: The Freeholder manages and insures the building. Current Sum Insured £989,000. Current Premium £2,181.51 p.a.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.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.