13 December 2023: Wednesday 13 December 2023 - 9:00am
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    Key features

    • Of interest to investors
    • A Freehold Victorian end of terrace house
    • Converted to provide two self-contained flats
    • Comprising a one bedroom ground floor flat with garden and a two bedroom first floor flat
    • Ground floor unit subject to a regulated tenancy
    • First floor unit subject to a long lease
    • Currently producing £8,658 per annum

    Description

    The property comprises a freehold end of terrace house arranged as two self-contained flats, comprising a one bedroom ground floor flat with garden and a two bedroom first floor flat.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor flat - Two rooms, one kitchen/diner, shower room/WC (information taken from the rent register). Garden.

    Approx. gross internal floor area (from EPC register) 58 sq m (625 sq ft)

    Tenancy

    The ground floor flat is subject to a regulated tenancy at a registered rent of £166.50 per week (£8,658 per annum). Effective date 18 January 2023.

    The first floor flat is subject to a lease for a term of 999 years at a ground rent of a peppercorn.

    The lessee contributes 50% of insurance and service charge payments.

    The lessee does not have the right to use the rear garden. The lessee has the right to build/keep a bin store in the front garden.

    Rent

    £8658 per annum

    Notes

    Joint Auctioneers

    The Estate Office.

    Chaim Aziz

    t: 020 7266 8500

    d: 020 7266 8510

    m: 07970 824 292

    C.Aziz@estate-office.com


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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.

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      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

      Victoria Road runs east west between Maida Vale and Salusbury Road. The property is located on the south side close to its junction with Salusbury Road, where a good selection of shops, restaurants, bars and restaurants are available within a short walk. Open space is nearby (0.2 miles) at Queen's Park to the west.

      Transport

      Queen's Park station (Overground and Bakerloo Lines) is around two minutes' walk to the south. Maida Vale (A5) provides direct access to the West End (Marble Arch and Hyde Park are around three miles to the south). Westway (A40) to the south connects t

      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