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Floorplan
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    Key features

    • 2 x self contained 1 bedroom studio flats
    • Flat 5 is let on a periodic tenancy at £13,800 p.a.
    • Flat 6 is let on a periodic tenancy at £9,900 p.a.
    • Each flat is an approx. 398 sq ft each, Total = 796 sq ft
    • Potential uplift in value by selling the flats off separately
    • Located an approx.0.3 miles from Edgware station
    • Investment let at £23,700 p.a.

    Description

    A freehold investment comprising two self-contained one-bedroom studio flats, extending to approximately 796 sq ft in total, and producing a combined income of £23,700 per annum. The flats are held on periodic tenancies and offer potential for future value enhancement through individual disposal, subject to obtaining vacant possession where required. Located approximately 0.3 miles from Edgware Underground Station.

    Additional information

    Tenure

    Leasehold

    999 years from 25th December 2004 

    Ground rent a peppercorn

    Accommodation

    Please refer to the floor plans

    Tenancy

    Flat 5

    • Let to a private individual
    • Let on a periodic tenancy from 2022
    • Let at £13,800 p.a.

    Flat 6

    • Let to a private individual
    • Let on a periodic tenancy from 2022
    • Let at £9,900 p.a.

    Rent

    £23,700 p.a.

    Notes

    Please note the site areas provided are approximate and have been provided to us in good faith. 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. Prospective purchasers must rely upon their own enquiries in this regard.

    Please note that the internal photos were taken after the property was refurbished in ???? and might not reflect the current condition of the property at the moment.

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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

      Located in the heart of Edgware town centre, the property occupies a prominent position close to a range of shops, restaurants and local amenities, within an established and densely populated North West London suburb.

      Transport

      Edgware Underground Station (Northern Line) is approximately 0.3 miles from the property, providing direct access to Central London. The A41, M1 and North Circular Road are also readily accessible, offering excellent road connections across London and the wider motorway network.

      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.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •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