Home > Auctions > 8 November 2022 08 November 2022 - 9:00am > Lot 109

8 November 2022: Tuesday 08 November 2022 - 9:00am
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    Key features

    • Withdrawn due to missing legal pack information
    • Arranged as 9 residential units ( 7 self contained and 2 share kitchen facilities)
    • Investment let at £97,800 p.a.
    • Let on 5 year leases from January 2019 to one tenant
    • Potential to improve the passing income at the end of tenancy
    • Future development potential to convert the property into larger self contained units or break up and sell in there current format
    • Video Tour available

    Description

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    A semi-detached property arranged arranged as 9 residential units, seven of which are self-contained and the remaining two share a ground floor kitchen. 

    Additional information

    Tenure

    Freehold

    Accommodation

    Not internally inspected but believed to comprise of the following; any purchaser must do there own due diligence.


    Flat 1 (Ground Floor) Studio

    Flat 2 (Ground Floor): Studio with access to garden.

    Flat 3 (Ground Floor): 1 bedroom with access to garden.

    Flat 4 (First Floor): Room with balcony and ground floor shared kitchen.

    Flat 5 (First Floor): Studio

    Flat 6 (First Floor): Room with balcony and ground floor shared kitchen.

    Flat 7 (First & Second Floor): 1 bedroom

    Flat 8 (Second Floor): 1 bedroom

    Flat 9 (Second Floor & Loft):1 bedroom


    Measurements to follow


    Tenancy

    Flats 1, 2, 3, 5, 7, 8 & 9: Let to County Private Client Ltd for 5 years from 28.01.2019 at £1000 pcm

    Flat 4: Let to County Private Client Ltd for 5 years from 28.01.2019 at £550 pcm

    Flat 6: Let to County Private Client Ltd for 5 years from 28.01.2019 at £600 pcm.


    Please note: The tenant may terminate each agreement on the expiry of 4 weeks' notice or if the property becomes vacant at any time, the tenant may end the agreement.


    Rent

    £97,800 p.a.

    Notes

    Joint Auctioneer


    Panayiotis Themistocli

    panayiotis.themistocli@agg.uk.com

    M: 07973 856 232


    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. The floor plans have been provided by the vendor. Prospective purchasers must rely upon their own enquiries in this regard.

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        Arrange a viewing

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

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        Local information

        The property is located on Finchley Road - opposite the junction with Hendon Way.

        A number of shops and amenities can be found directly on Finchley Road

        Cricklewood Station is located an approx. 0.8 miles from the property

        West Hampstead is located an approx. 0.9 miles from the property

        Transport

        Cricklewood Station - National rail services

        West Hampstead Station - National rail and Underground services.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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