Lot 21 Click here for addendum
Freehold Ground Rent Investment with 3 Valuable Reversions
6 Week Completion
Situation
Occupying a prominent position on the corner with Avenell Road in this highly sought-after residential area. The shopping facilities of Highbury Barn, Arsenal's Emirates Stadium and Arsenal Underground Station (Piccadilly Line) are all within close proximity.
Highbury lies approximately 4 miles north of Central London, midway between Finsbury Park and Islington.
Property
A detached building comprising 12 Self-Contained Flats planned on lower ground, ground and the three upper floors.
VAT is NOT applicable to this Lot
FREEHOLD
Note 1: In accordance with s5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have reserved their rights of first refusal. This lot cannot be sold prior to the Auction.
Note 2: The Freeholder insures. Current sum insured £2,537,056. Current premium is £4,622.46 p. a.
Note 3: Flat 3 sold in July 2019 for £420,000 and Flat 2 sold in May 2019 for £515,238. (source: rightmove.co.uk)