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    Key features

    • To be offered on Tuesday 20 October
    • A second floor self-contained studio flat
    • Approximately 27.9 sq m (300 sq ft)
    • In need of modernisation
    • Leasehold - approximately 87 years unexpired at £10 pa ground rent
    • Let to Notting Hill Genesis at £13,200 pa
    • Potential Section 20 liability capped at £17,100
    • RBKC lease extension opportunity

    Description

    The property comprises a second floor self-contained studio flat of approximately 27.9 sq m (300 sq ft) with west-facing balcony and requiring modernisation. The flat forms part of Hazlewood Towers and is accessed from the ground floor entrance foyer by lifts or stairs.

    Additional information

    Tenure

    Leasehold - The property is held on a lease for a term of 125 years from 24 June 1989, thus having approximately 87.years unexpired at a ground rent of £10 per annum.

    Accommodation

    Second floor self-contained studio accommodation

    Kitchen area

    Bathroom/WC

    West-facing balcony

    Gross internal floor area approximately 27.9 sq m (300 sq ft)

    Tenancy

    The property is sold subject to a tenancy in favour of Notting Hill Genesis for a term of 3 years expiring 26 February 2027.at a passing rent of £1,100 per calendar month (annual rent £13,200 per annum).

    Planning

    Local Planning Authority - The Royal Borough of Kensington and Chelsea.

    Rent

    £13,200 per annum (equivalent)

    Notes

    Purchasers should note that major works, under s.20 of the Landlord and Tenant Act 1985, have been undertaken/are being undertaken in connection with the re-cladding and upgrading of the block.The works have been delayed by Covid restrictions and include, amongst other matters:


    • Fire safety upgrades
    • New lifts
    • Double glazing
    • Re-fitting of balconies
    • Re-cladding works


    The Royal Borough of Kensington and Chelsea's initial estimate of the contribution attributable to this flat was approximately £14,000. Due to rising costs, the Council has indicated that the final figure for this unit will be capped at £17,100. It is understood that some lessees may challenge elements of the costs on the basis that certain works constitute improvements.


    Purchasers should make their own enquiries as to the current status of the works, liability and any challenge.The seller does not intend to settle this liability following completion and purchasers will be expected to reflect the potential liability in their purchase price.


    The vendor advises that RBKC is currently offering a 90-year lease extension subject to costs.

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      Local information

      Hazlewood Tower is situated on Golborne Gardens, within the established residential area of Golborne in North Kensington, west London. The property is well positioned for the extensive range of shopping, leisure and recreational facilities available locally, with the popular Golborne Road and its independent shops, cafés, restaurants and market stalls close by. Portobello Road and its famous market are also within the wider surrounding area.

      The immediate neighbourhood is predominantly residential, with a mixture of purpose-built housing and traditional terraces. The area benefits from a good range of everyday amenities, including supermarkets, convenience stores, schools and community facilities.

      The property is also well placed for access to the wider attractions and employment centres of west and central London. Notting Hill, Kensington and Paddington are readily accessible, whilst the West End and City are within straightforward travelling distance by public transport.

      Transport

      The property benefits from excellent public transport connections, with a number of Underground stations within walking distance.

      Westbourne Park Underground Station is approximately 0.3 miles (0.5 km) from the property and provides access to the Circle and Hammersmith & City lines, offering connections to Paddington, Baker Street, King's Cross, the West End and the City. Ladbroke Grove Underground Station is approximately 0.5 miles (0.8 km) away, also providing Circle and Hammersmith & City line services.

      Queen's Park Underground/Overground station is approximately 0.7 miles (1.1 km) away, providing further connections across north-west London. Other nearby stations include Royal Oak and Latimer Road.

      There are bus stops immediately close to the property, with the nearest stops on Golborne Road approximately 70 metres away. Additional stops are available on Bosworth Road and Edenham Way, providing a comprehensive network of local bus services.

      The property is within London Travel Zone 2, making the location particularly convenient for commuting into central London. 

      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