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

Lot 19 Click here for addendum

Potential Development Site
On behalf of Executors

Situation

Located close to the corner of Town Road and Montagu Road in this predominantly residential area, less than ½ a mile from Edmonton Green town centre and less than a mile from the Lee Valley Leisure Complex, which includes a cinema, athletics centre and golf course.
Edmonton Green is situated approximately 9 miles north of central London enjoying excellent road access, being within easy reach of the M25 (Junction 25) and rail access via Edmonton Green Rail Station (Overground).

Property

A mid terrace building comprising a lofty Ground Floor Factory/Workshop with raised Mezzanine Level Office Accommodation. The property includes a roller shutter drive-in (not tested) and a front forecourt for parking.
The property is in a dilapidated condition (see Note 1).

Accommodation

Ground Floor Factory/Workshop
Gross Frontage 65'10"
Internal Width 63'10"
Built Depth 78'4"
WCs
GIA Approx. 5,000 sq ft
Plus 2 staircases leading to
Mezzanine Level Offices 16'7" × 49'0"

VAT - Refer to Auctioneers

Freehold offered with Vacant Possession

The Rateable Value for this property is currently £0 (nil).

Note 1: In the Auctioneer's opinion the property would be suitable for demolition and redevelopment to flats and/or houses, subject to obtaining the necessary consents. Planning enquiries can be made to the London Borough of Enfield - 020 8379 1000.

Note 2: The Registered Title for the Freehold (No. NGL18573) clearly shows the benefit of a Right of Way (shaded brown in the plan) for the Freeholder at the rear of the property into Montagu Road.
At some time circa 2000 a breeze block wall was erected (without consent of the Freeholders of No. 185 Town Road) by the owners of the rear land at 401 Montagu Road, blocking this Right of Way.
A copy of recent correspondence dated 29th December 2018 from Land Registry regarding the reinstatement of the Right of Way is available on request from the Auctioneers and/or the Vendor's Solicitors.

Note 3: No consent was given to the adjoining owners of No. 183 for the erection of the existing satellite dishes.

Note 4: 6 Week Completion.

*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.

185 Town Road, Edmonton, London N9 0HL