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 and Disclaimer

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.

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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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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