December 2020: Wednesday 16 December 2020 - 10:00am
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Floorplan
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    Key features

    • Detached residential building currently arranged as nine flats and a roof space
    • Reversionary Ground Rent Investment
    • Four flats have unexpired terms of 62/63 years
    • One flat with an unexpired term of 79 years

    Description

    A detached residential building arranged as nine self contained flats and a roof space area, each sold on a lease.

    All flats have access to the shared rear garden and some have front forecourt car parking.

    The roof space area has planning permission to provide a 1 x one bedroom flat, to be known as Flat 10 (please refer to previous Lot) which also has access to the shared rear garden.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Four Flats

    First Floor - Four Flats

    First & Second Floors - One Flat

    Second Floor Roof Space - One flat

    Tenancy

    Ground Floor - Flat 1; 99 year lease from 01.02.1984 Ground Rent £100 per annum rising (approx 63 years unexpired)

    Flat 2: 129 years from 29.05.2002 Ground Rent £200 per annum rising

    Flat 3: 99 years from 17.10.1983 Ground Rent £100 per annum rising (approx 62 years unexpired)

    Flat 4: 99 years from 08.11.1983 ground Rent £100 per annum rising (approx 62 years unexpired)

    First Floor - Flat 5: 99 years from 09.12.2011 Ground Rent £150 per annum rising (approx 90 years unexpired)

    Flat 6: From 17.05.2011 to 16.06.2177 Ground Rent a peppercorn

    Flat 7: 99 years from 08.03.1999 Ground Rent £100 per annum rising (approx 79 years unexpired)

    Flat 8: 99 years form 16.05.1983 Ground Rent £100 per annum rising (approx 62 years unexpired)

    First & Second Floors - Flat 9: 99 years from 11.12 2018 Ground Rent £150 per annum rising

    Roof Space - To be Flat 10 (see previous Lot): 125 years from 17.01.2021 Ground Rent £250 per annum rising


    In accordance with Section 5B of the Landlord and Tenant Act 1987, notices have been served on the lessees and they have NOT reserved their rights of first refusal.

    Rent

    Total Current Ground Rent £1,250 per annum
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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.

      Local information

      Surbiton is a poplar suburban neighbourhood next to the River Thames and 11 miles south west of central London.

      Situated on the east side of Hook Road opposite the junction of Ash Tree Close.

      Local shopping amenities are nearby whilst the retail centres of Surbiton and Tolworth are easily accessible.

      The leisure areas of Alexandra and Fishponds Parks are nearby.

      Easy access to the A3 provides good links to the M25, M3, M23 and Gatwick airport.

      Transport

      National Rail - Surbiton, Tolworth

      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.

      Addendums