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Lot 17 Click here for addendum

Reversionary Freehold Ground Rent Investment
6 Week Completion

Situation

Located in this popular residential area close to the junction with Broughton Street, approximately ½ a mile from the open spaces of Battersea Park to the north and less than a mile from Clapham Common to the south.
The property is ideally situated less than a mile from Battersea Park Station (Southern Rail) and the new Battersea Power Underground Station (Northern Line) and is approximately 3 miles south of central London.

Property

A mid-terrace building comprising 2 Self-Contained Flats planned on ground, first and second floors. The property includes a Cellar (see Note 2) and a Rear Garden.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: In accordance with s.5B of the Landlord & Tenant Act 1987, notices have been served on the lessees and they have not reserved their rights of first refusal.

Note 2: The lessees of the Ground Floor Flat use the Cellar which is accessed directly from the flat, but the Cellar is not included in the demise.

Note 3: The lessee of the First & Second Floor Flat submitted a planning application to Wandsworth Council on 01/11/2021 for ‘Alterations including erection of mansard roof extension to main rear roof slope, increase of eaves height to three storey back addition and formation of roof terrace above part of back addition' (Ref: 2021/4562). We understand the Freeholder's consent would be required for use of the airspace above the Loft and existing roof.

Note 4: The Freeholder insures. Current sum insured is £549,645. Current premium is £524.45.

*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 £1,000 plus 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.

10 Ingelow Road, Battersea, London SW8 3QA