Auction House London

Lot 32

 

The Picasso

2 - 4 Bevington Road, Ladbroke Grove, London, W10 5TN

Sold for £50,000

A Freehold Ground Rent Investment Secured Upon 10 Self-Contained Flats Producing £2,500 per annum

Description

Location

The property is situated in the popular West London area of Ladbrook Grove a short distance away from Portobello market. Transport links are provided by Westbourne Park and Ladbroke Grove underground station (Hammersmith & City Line).


Current Rent Reserved £2,500 per annum

Description (2nd Column)

The property comprises a ground rent investment secured upon ten self-contained two bedroom flats situated within a purpose built building arranged over ground and five upper floors.

Note (2nd Column)

S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have reserved their rights. The landlord maintains and insures the building.

Viewing Details

Open House Viewings To Be Confirmed:
Please refer to us directly on: 0207 625 9007

Column 1 Column 2 Column 3
Property Lease Annual Rent
Flat 1 (Ground Floor) 250 years from 25/12/2007 £250
Flat 2 (Ground Floor) 250 years from 25/12/2007 £250
Flat 3 (First Floor) 250 years from 25/12/2007 £250
Flat 4 (First Floor) 250 years from 25/12/2007 £250
Flat 5 (Second Floor) 250 years from 25/12/2007 £250
Flat 6 (Second Floor) 250 years from 25/12/2007 £250
Flat 7 (Third Floor) 250 years from 25/12/2007 £250
Flat 8 (Third Floor) 250 years from 25/12/2007 £250
Flat 9 (Fourth & Fifth Floors) 250 years from 25/12/2007 £250
Flat 10 (Fourth & Fifth Floors) 250 years from 23/05/2016 £250

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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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Enquire about The Picasso, 2 - 4 Bevington Road, Ladbroke Grove, London, W10 5TN

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