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    Auction House London
    Lot 14
    Flat
    70A Mill Lane
    West Hampstead, London, NW6 1NJ
    Unsold. Contact the auctioneer.
     
    All
    Number 1
    A Ground, First and Second Floor Three Bedroom Split-Level Flat Subject to an Assured Shorthold Tenancy Producing £25,219.92 Per Annum. Plans have been Drawn Up to Extend and Convert the Property into a Six Bedroom HMO (Subject to Planning Permission). Potential ERV if Extended and Converted: £92,192.88 (STPP) (Source: LHA Rates).

    Description

    The property comprises a ground, first and second floor three bedroom split-level flat situated within a mid terrace building arranged over ground and two upper floors. Plans have been drawn up to extend and convert the property into a six bedroom HMO. No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection. Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.

    Tenure

    Leasehold. The property is held on a 125 year lease from 25th March 1986 (thus approximately 87 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer.

    Location

    The property is situated in the highly sought after area of West Hampstead close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by West Hampstead underground (Jubilee line), overground and rail stations.

    Accommodation

    Ground Floor
    Bedroom
    Bathroom

    First Floor
    Reception Room
    Kitchen

    Second Floor
    Two Bedrooms

    Tenancy

    The property is subject to an Assured Shorthold Tenancy for a term of 24 months commencing 14th June 2021 at a rent of £2,101.66 per calendar month (Holding Over),

    If the property were to be extended and converted into a six bedroom HMO then the estimated rental value would be approximately £92,192.88 Per Annum (Subject to Planning Permission). (Source: LHA Rates).

    EPC Rating

    E

    Addendum

    Amended Guide Price: £590,000+
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    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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