Freehold

The property comprises 11 flats, each with a garage, all sold on long leases. Flats 1, 4 and 6 are held on 125-year leases from 29 September 2001; Flat 2 is held on a 150-year lease from the same date; and Flats 3 and 5 and Flats 7–11 are held on leases of approximately 189 years from June 1979.

Flats 1, 2, 4, 5 and 6 each produce a ground rent of £150 per annum, providing a total current income of £750 per annum. The remaining flats are subject to a peppercorn gorund rent.

The property may offer potential for upward extension through the addition of a further storey, potentially providing additional residential accommodation, subject to all necessary consents and structural considerations. Prospective purchasers should make their own enquiries with the London Borough of Barnet regarding the planning potential of the property. Barnet’s published guidance specifically recognises upwards extensions as a form of development that may require planning permission or prior approval. Prior approval - Barnet Council

Please note the relevant notices have been served under Section 5B of the Landlord & Tenant Act 1987. No responses have been received.

Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.