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Lot 18 Click here for addendum

Freehold Electricity Sub-Station with Potential
4 Week Completion

Situation

Close to the junction with Ballards Lane in this busy and popular shopping location only a few minutes walk to Finchley Central Underground Station (Northern Line).
Finchley is a highly desirable north London suburb with excellent transportation, schools and recreational facilities being some 8 miles from central London.

Property

A single storey building comprising a brick-built Electricity Sub-Station.

Note: There may be potential to convert the building for a variety of uses including as a storage unit, workshop or office, subject to obtaining possession and the necessary consents - Click here to view the Viability Report

Accommodation¹

Electricity Sub-Station
Built Width 13'7"
Built Depth 15'1"

¹Not internally inspected by Barnett Ross.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing lease to UK Power Networks for a term of 35 years from 29th September 1964 (Holding Over) at a peppercorn ground rent.

*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.

Electricity Sub-Station, Claverley Grove, Finchley, London N3 2DG