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Lot 21 Click here for addendum

Flat with Valuable Reversion in 80¾ years
6 Week Completion

Situation

Located to the north of St George's Square in this sought after residential area. Local shopping facilities are nearby with the more extensive facilities of Victoria being approximately a 10 minute walk to the north. In addition, the area is well served by good public transport with Pimlico Underground Station (Victoria Line) just a few minutes away and Victoria Rail, Bus & Coach Stations under ½ mile distant.

Property

Forming part of a mid terraced period building comprising a third floor Self-Contained 2 Bed Flat.

Accommodation

Third Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC¹
Area Approx. 462 sq ft¹

¹ Not inspected by Barnett Ross. Accommodation and Floor Area taken from rightmove.co.uk.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 1st January 2018 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to an Individual for a term of 150 years from 25th December 1951 at a fixed ground rent of £100 per annum exclusive.

Valuable Reversion is approx. 80¾ years.

Note:
• A 495 sq ft flat in 97 Belgrave Rd sold in Sept. 2020 for £830,000 (£1,677 psf).
• A 538 sq ft flat in 109 Belgrave Rd sold in Aug. 2020 for £820,000 (£1,524 psf).

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*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.

Third Floor Flat, 99 Belgrave Road, Pimlico, London SW1 2BH