Lot 122
    9 Malvern Road
    West Hampstead, London, NW6 5PS
    Sold for £23,000.
     
    Number 1
    A Freehold Ground Rent Investment Secured Upon a Mid Terrace Building Comprising A Ground Floor and Basement Level Shop and Three Self-Contained Flats Producing an Income of £600 Per Annum
    By Order of the Liquidator

    Description

    The property comprises a mid terrace building arranged to provide a ground floor and basement level shop and three floor self-contained flats arranged over first, second and third floor levels.

    Location

    The property is situated on a mixed-use road close to local shops and amenities. The open spaces of Paddington Recreation Ground are within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) which is a sort walk away.

    Note

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

    Addendum

    S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights. The buyer will not be responsible for any service charge and ground rent arrears. These are excluded from the sale.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Shop Ground and Basement Not Inspected 999 Years from 20th July 2000 £150 per annum (until 2050, then increasing by £50 every 50 years
    Flat 1 First Not Inspected 125 Years from 25th December 1988 £150 per annum (rising to £300 in 2038, £500 in 2063 and £750 in 2088)
    Flat 2 Second Not Inspected 125 Years from 25th December 1988 £150 per annum (rising to £300 in 2038, £500 in 2063 and £750 in 2088)
    Flat 3 Third Not Inspected 125 Years from 25th December 1988 £150 per annum (rising to £300 in 2038, £500 in 2063 and £750 in 2088)
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    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    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.

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