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Lot 19 Click here for addendum

Freehold Residential Ground Rent Investment
6 Week Completion

Situation

Located directly off Beech Hill in this affluent and sought after residential area and being approx. ¼ mile from the local shopping facilities and Hadley Wood Station (Overground) which are both in Crescent West.
Hadley Wood lies approx. 1½ miles from Barnet town centre and approx. 12 miles north of central London with easy access to the M25 (Junction 24).

Property

An attractive detached building comprising 4 Self-Contained Flats with front on-site parking.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: The lessee of Flat 1 has made an offer of £18,000 to extend the lease for an additional 90 years.

Note 2: In accordance with s.5B of the Landlord and Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal.
This lot cannot be sold prior to the auction.

Note 3: The Freeholder insures. Current sum insured is £1,516,000. Current premium is £2,019.44 p.a.

Enquire about this lot:

JOINT AUCTIONEER:
EvolutionPS Ltd
Tel: 07973 439 950 Ref: George Hayles
george@evolutionps.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 £1,000 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.

Hambledon Court, 19b Crescent East, Hadley Wood, Hertfordshire EN4 0EY