Lot 24 Click here for addendum
Residential Investment
In same ownership for approx. 20 years
6 Week Completion
Situation
Locate opposite the junction with Sunny Gardens Road, just a few hundred yards to both the local shopping facilities in Brent Street and Middlesex University. In addition, Hendon Central Underground Station (Northern Line) is under ¾ mile distant.
Hendon is a popular and sought after north-west London suburb being approx. 7 miles from central London and benefitting from easy access to the M1 (Junction2), the A406 North Circular Road and Brent Cross Shopping Centre.
Property
Forming part of a semi-detached building comprising a Self-Contained 2 Bed Flat planned on the first floor. The flat includes uPVC double glazing and gas central heating.
Accommodation
First Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
(GIA Approx. 535 sq ft)
VAT is NOT applicable to this Lot
Tenure
Leasehold for a term of 99 years from 29th September 1979 at a fixed ground rent of £50 p.a. (thus having approx. 56¼ years unexpired).
Tenancy
The property is let on an Assured Shorthold Tenancy to 3 Individuals for a term of 1 year from 30th November 2021 at a current rent of £15,000 per annum exclusive.
There is a £1,250 Rent Deposit held.
Note 1: After exchange of contracts and prior to completion, the Vendor will co-operate with the Purchaser in applying for the 90 year lease extension from the Freeholder.
Note 2: A first floor 2 bed flat at 67 Church Road sold in September 2021 for £335,000.
VIRTUAL TOUR
Click here to view the virtual tour of the flat.