Auction House London

Lot 11

Block of Apartments - Flats / Apartments 

David Court

1044-1046 High Road, Whetstone, London, N20 0QR

Unsold, please refer to Auctioneer

A Freehold Ground Rent Investment Secured Upon a Block of Twelve Self-Contained Flats and Eight Garages Producing £2,025 per annum (Rising). Offered with Planning Permission to Create an Additional Floor to Provide Two Further Self-Contained Flats.

Description

Tenure

Freehold

Location

The property is situated in the sought after London area of Whetstone opposite the open spaces of Swan Lane Park and within walking distance of Totteridge & Whetstone underground station.

Planning

Barnet London Borough Council granted the following planning permission (Ref: 18/4856/FUL) on 29th July 2019:
'Alteration and modifications of existing roof including construction of an additional (fifth) floor with a new flat roof to building to provide an additional 2no self-contained flats. Associated alterations to fenestration. Additional provision of parking spaces and cycle storage'.

Note

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

Column 1 Column 2 Column 3
Property Lease Annual Rent
Flat 4 99 years from 24.6.1994 £175
Flats 10 & 12 125 years from 1.1.2001 £200 each increasing by £200 every 25 years thereafter up to a maximum of £1,000
Flat 11 999 years from 2001 Peppercorn
Flats 2 & 5 130 years from 01.1.2001 £200 each increasing by £200 every 25 years thereafter up to a maximum of £1,000
Flat 6 189 years from 29.09.1992 Peppercorn
Flats 1, 3, 8 & 9 189 years from 24.06.1967 £200 each until 23.03.2041 then doubling every 25 years thereafter
Flat 7 189 years from 24.06.1967 £250 each until 23.03.2041 then doubling every 25 years thereafter
Garages 1-8 999 years 2002 Peppercorn

Joint Agent

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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There are no internal viewings - Ground Rent for Sale. For further information, please register for the legal pack. For all enquiries, please contact Andrew Binstock at info@auctionhouselondon.co.uk
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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Enquire about David Court, 1044-1046 High Road, Whetstone, London, N20 0QR

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