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Lot A Click here for addendum

An Unbroken Block of 12 Flats (6 x 3 Bed and 6 x 2 Bed)

• 9 Flats let on ASTs
• 2 Vacant Flats
• 1 Flat let on a Regulated Tenancy
• Plus Planning for 4 x 2 Bed Flats

In same family ownership for over 50 years
(Approx. £445 psf freehold + Planning for 4 flats)

Situation

Located at the junction of Green Lane and Brent Street and being conveniently situation for the local shopping facilities in Brent Street and Golders Green Road as well as being less than 1 mile from the Brent Cross Shopping Centre.
The property is approx. 275 yards from the intersection with the North Circular Road (A406) and just over ½ mile from Hendon Central Underground Station (Northern Line).
Hendon is a popular and sought after suburb which lies approx. 8 miles north-west of central London.

Property

A substantial detached corner block comprising 12 Self-Contained Flats planned on ground, first and second floors, each with uPVC double glazing, entryphone, independent hot water supply and gas central heating.
The block has 2 front entrances, a rear communal garden and includes a small Basement with restricted head height.

In addition, there is Planning for a further 4 x 2 bed flats on the third floor - see ‘Planning' section.

The entire Site Area is approx. 0.26 acres

Click here to download the floor plans.

VAT is NOT applicable to this Lot

FREEHOLD

Planning

Planning Permission was granted on 26th July 2019 by the London Borough of Barnet for ‘Additional storey to third floor level including 8no. dormers and 11no. rooflights to provide 4no. self-contained residential units'.

According to the floor plans, the flats will comprise:

• 1 x 2 bedrooms (1 with ensuite), Open Plan Kitchen/Diner/Lounge, Bathroom/WC
(Area Approx. 868 sq ft)

• 1 x 2 bedrooms (1 with ensuite), Lounge, Kitchen/Diner, Bathroom/WC
(Area Approx. 872 sq ft)

• 1 x 2 Bedrooms, Open Plan Kitchen/Diner, Bathroom/WC
(Area Approx. 755 sq ft)

• 1 x 2 Bedrooms, Open Plan Kitchen/Diner, Bathroom/WC
(Area Approx. 664 sq ft)

Planning Documents are available to download from the legal pack.

Note 1: This purchase may be subject to Stamp Duty Land Tax Relief for Multiple Dwellings - Applicants should consult their own advisors in this respect.

Note 2: A purchase by a Charity or a Registered Social Landlord may qualify for 100% Stamp Duty Tax Relief - Applicants should consult their own advisors in this respect.

Note 3: There is a 6 Week Completion.

VIRTUAL TOUR

Click here to view the virtual tour of Flat 3.

Click here to view the virtual tour of Flat 7.

Click here to view the virtual tour of Flat 12.

Enquire about this lot:

JOINT AUCTIONEER:
George Eckert Chartered Surveyors
Tel: 020 8883 3232 Ref: Anna Eckert
anna@eckert.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.

Flats 1-12, Holmbush Court, Green Lane, Hendon, London NW4 2NS