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    Auction House London
    Lot 102
    Flat
    First Floor Flat at Lee Close
    Barnet, Hertfordshire, EN5 5HP
    Sold prior to auction for an undisclosed amount.
     
    All
    Number 1
    A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £9,600 Per Annum

    Description

    The property comprises a first floor spacious one bedroom flat situated within a purpose built building arranged over ground and two upper floors.

    Tenure

    Leasehold. The property is held on a 99 year lease from March 1996 (thus approximately 71 years unexpired).

    Location

    The property is located on a quiet residential road within easy access of local shopping and transport facilities. Transport links into Central London are provided by High Barnet underground station (Northern line) and New Barnet rail station.

    Accommodation

    First Floor
    Reception Room
    Kitchen
    Bedroom with En Suite
    Separate WC

    Exterior

    The property benefits from access to communal gardens an allocated parking space.

    Tenancy

    The property is subject to an Assured Shorthold Tenancy for a term of 12 months (with a 6 month break clause) commencing March 2024 at a rent of £800 per calendar month.

    Further Information

    When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

    EPC Rating

    C

    Addendum

    Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
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    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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