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Lot 13 Withdrawn Prior
Refer

396a Green Lanes, Palmers Green, London N13 5PD

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Lot 13   Click here for addendum

Vacant 6 Bed Flat
6 Week Completion or earlier by mutual agreement

Situation

Located close to the junction with Windsor Road in this sought-after and popular town centre, conveniently nearby local amenities including the Post Office and Sainsbury's Local and less than ½ a mile from Palmers Green Station (Great Northern Rail).

Property

Forming part of this retail parade comprising a Large 6 Bedroom Self-Contained Flat with separate front access, planned on part ground, first and second floors of this attractive period building. In addition the property benefits from a Roof Terrace and a separate Store Room.

ACCOMMODATION (measurements to maximum points)

First Floor
Bedroom 1 16'9" x 11'3"
Bedroom 2 12'0" x 10'8"
Dining Room 11'6" x 11'3"
Kitchen 11'6" x 7'6" (Door to Roof Terrace)
Bathroom/WC 5'5" x 5'0"
Separate Store Room 16'9" x 14'3" (not inspected)
Second Floor
Bedroom 3 17'3" x 11'6"
Bedroom 4 12'0" x 10'9"
Bedroom 5 9'3" x 8'3"
Bedroom 6 12'0" x 9'9"
Bathroom/WC

GIA Approx. 1,589 sq ft incl. Store Room

Plus Roof Terrace

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 14th August 2001 at a peppercorn ground rent.

Offered with Vacant Possession

Note 1: The Vendor has recently completed a full refurbishment of the flat a very high standard at a cost of circa £75,000 to include a new kitchen, two new shower-room suites, new lighting and wood flooring throughout.

Note 2: Prior to the refurbishment the flat was let on an AST producing £36,000 per annum (£3,000 pcm). The Vendor's ERV is now circa £42,000 per annum.

Note 3: There is potential to convert the flat into a number of smaller units as per some of the neighbouring buildings or as a large HMO, all subject to obtaining the necessary consents.

Note 4: The Freehold of No. 374 Green Lanes (Shop & 7 Studio Flats) sold in August 2018 for £1,200,000.


VIRTUAL TOUR

Click here to view the Virtual Tour of the property.

Due to Government Guidelines we will try to accommodate all viewing requests, but in the first instance you are advised to view the virtual tour where available and/or any internal images on the Particulars before requesting a viewing. Each viewing slot will be for a specific period of time and you will be required to attend the viewing promptly and ensure gloves and a face covering are worn. Please observe social distancing while you are at the property. If you are experiencing any Coronavirus symptoms then please do not attend the viewing as you will not be allowed access into the property.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@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.