Auction House London

Lot 76

 

Overriding Lease at 72 Chatsworth Court

Pembroke Road, London, W8 6DJ

Withdrawn Prior

A Leasehold Reversionary Ground Rent Secured upon a Second Floor One Bedroom Flat with 35 Years Unexpired at a Ground Rent of £40 Per Annum Increasing to £80 Per Annum in 2031

Description

The property comprises an overriding lease of a one bedroom flat situated within a purpose built block. The flat has 35 years unexpired on the lease.

Tenure

Long Leasehold. The property is held on a 999 year lease from 1st December 2006 at a peppercorn ground rent (thus approximately 984 years unexpired).

Location

The property is situated in the highly sought after area of Kensington close to the shops and amenities of Cromwell Road. The open spaces of Holland Park and Kensington Gardens are both within easy reach. Transport links are provided by both South Kensington Olympia rail and overground stations and Earls Court underground station (Piccadilly, Circle and District lines).

Note

The property is sold off on an 85 year lease from 25th March 1971 (thus approximately 35 years unexpired). The ground rent income is £40 per annum.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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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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