Lot 47
    17 Colebrooke Row
    Islington, London, N1 8DB
    Unsold, the last bid was £234,000. Please refer to Auctioneer for Reserve.
     
    Number 1
    A Well Located Part-Reversionary Ground Rent Investment Secured Upon a Mid Terrace Building Internally Arranged to Provide Four Self-Contained Flats Producing £180 per annum. Two of the Flats have 53 Years Unexpired on their Leases & One of the Flats has 54 Years Unexpired on its Lease.

    Tenure

    Freehold

    Note
    The property has a new roof and the exterior has been recently renovated.

    Note (2nd Column)

    S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.


    Viewing Details

    No internal viewings. Please contact Justin Chilton on 020 3837 9757 or justin@auctionhouselondon.co.uk to discuss further.

    Addendum

    For the avoidance of doubt, the lot being offered is a freehold ground rent investment.

    Accommdation & Tenancy Schedule

    Floor Accommodation Terms Of Tenancy
    Lower Ground Two Bedroom Flat (not inspected) G.I.A 56.23 sq m 125 year lease from 25th June 2004 at a ground rent of £100 p.a (doubling every 25 years). There are approximately 113 years unexpired.
    Ground One Bedroom Flat (not inspected) G.I.A 32.83 sq m 99 year lease from 29th September 1971 at a ground rent of £20 p.a. There are approximately 54 years unexpired.
    First One Bedroom Flat (not inspected) G.I.A 41.82 sq m 99 year lease from 29th September 1970 at a ground rent of £20 p.a. There are approximately 53 years unexpired.
    Second & Third Three Bedroom Maisonette (not inspected) G.I.A 89.84 sq m 99 year lease from 29th September 1970 at a ground rent of £40 p.a. There are approximately 53 years unexpired.
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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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