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Lot 22 Click here for addendum

In same family ownership for 59 years
6 Week Completion

Situation

Located in this highly sought-after area between Battersea Park and Clapham Common, a short walk from Lavender Hill with its excellent local shopping and restaurants, within close proximity to Clapham Junction Station (Overground and National Rail) and just 2 miles south of central London.

Property

A mid-terraced house converted to provide a 1 Bed Flat on ground floor level with a 16'7” deep rear garden and a 3 Bed Flat on the first and second floors.

ACCOMMODATION (measurements to maximum points)
Ground Floor Garden Flat
Living Room 13'9” × 12'0”
Bedroom 11'6” × 10'6”
Kitchen 11'7” × 10'0”
Bathroom/WC 6'2” × 6'9”
(GIA Approx. 505 sq ft plus Rear Garden)

First and Second Floor Flat
Living Room 14'1” × 16'4”
Kitchen 9'9” × 9'11”
Bedroom 1 11'7” × 10'8”
Bedroom 2 10'0” × 6'9”
Bedroom 3 7'9” × 10'0”
Bathroom/WC 7'11” × 5'8”
(GIA Approx. 770 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Optivo Housing Association for a term of 25 years from 25th March 1997 at a current rent of £21,000 per annum exclusive.

Note 1: Valuable Reversion and chance of possession in 2022.

Note 2: A 1 Bed Flat at No.14b Latchmere Road sold in December 2018 at £350,000.

Note 3: A 3 Bed Flat at No.211a Latchmere Road sold in April 2019 at £610,000.

*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.

110 Latchmere Road, Wandsworth, London SW11 2JT