A Parcel of Two Self-Contained Lower Ground Floor Flats Comprising a Self-Contained Three Bedroom Flat and a Self-Contained One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £29,760 per annum. We have been advised that there is development potential at the rear to build five flats (subject to obtaining all relevant consents)

Description

The property comprises a large lower ground three bedroom flat and a one bedroom lower ground floor flat situated within a detached building arranged over lower ground and three upper floors. Both flats are on one title.

Tenure

Leasehold. Both flats are on one title. There are approximately 159 years unexpired on the lease

Accommodation

Lower Ground Floor
Flat 97A
Reception Room
Three Bedrooms
Kitchen
Two Bathrooms with WC & wash basin

Flat 97B
Reception Room
Bedroom
Kitchen
Bathroom with WC & wash basin

Exterior

The flats benefit from a rear garden.

Tenancy

Flat 97B is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 10 May 2019 at a rent of £930 per calendar month.

Flat 97A is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 26 July 2019 at a rent of £1550 per calendar month.

Current Rent Reserved

Current Rent Reserved £29,760 per annum

Addendum

Auction House London have received an email from a solicitor claiming to represent the freeholders stating that there are substantial breaches of the lease. The vendors, whilst acknowledging that the dispute is ongoing, strongly refute that such breaches exist.

Additional Fees

Administration charge: £1,200 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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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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