24 November 2022: Thursday 24 November 2022 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Sought after central London location
    • 4 storage cupboards - lessee's interested to buy*
    • Freehold ground rent investment
    • Investment producing £5,317.5 per annum
    • Comprising 66 flats and 3 retail units
    • Satellite dish rented out to Betfred expiring June 2024
    • Three undemised storage cupboards

    Description

    Three four storey brick built blocks arranged around a central courtyard area. The two southern blocks front Allisten Road, the block to the north has a road frontage to Charles Lane

    Additional information

    Tenure

    Freehold

    Tenancy

    66 flats all sold on 999 year leases granted between 1982 and 1984

    33 flats are subject to a peppercorn ground rent

    15 flats have fixed ground rents of £75 per annum

    11 flats have fixed ground rents of £100 per annum

    7 flats have fixed ground rents of £200 per annum.

    The satellite dish is let to Betfred at a rental of £1,692.5 per annum on a lease to expire on 30 June 2024

    Planning

    It is considered that there may be long term development opportunities subject to the necessary consents. The buildings either side are one storey higher! Interested parties must rely on their own enquiries with the local planning authority in this regard.

    Rent

    £5,317.5 per annum

    Notes

    *Cupboard 1 - Block 1-9. Ground floor lobby. RHS. Under offer to leaseholder of 94a Allitsen Road for £5K

    Cupboard 2 - Block 10-17. Ground floor lobby. LHS

    Cupboard 3 - Block.10-17 First floor (old toilet) Both 2&3 under offer to leaseholder of flat 15 for £7K.

    Cupboard 4 - Block 18-28. Ground floor lobby RHS. (old toilet)

    The cupboards are circa 15-18 sq ft.

    We are advised that planning permission was refused on appeal for the void over the entrance

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      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

      Located on the north side of Allitsen Road, close to the junction with St Johns Wood High Street.

      The popular shops, bars and restaurants of St Johns Wood are easily accessible whilst the most extensive facilities of Oxford Street and the West End of London are also a short distance away.

      Regents Park is a short walk away and provides the area with numerous leisure facilities.

      Finchley Road (A41) is easily accessible from the property and provides good road communications to Watford and into central London.

      Transport

      Underground - St Johns Wood Station (Jubilee)

      Overground - South Hampstead

      Legal documents

      Login to view legal documents

      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