December 2021: Wednesday 15 December 2021 - 9:00am
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    Key features

    • An attractive detached residential block arranged as 18 flats and 18 garages
    • Each sold on a lease
    • 17 with unexpired terms of approximately 84 years
    • Planning approval for two additional storeys to form 6 x two bedroom flats totalling approximately 4,452 sq ft
    • Forms part of a larger rectangular shaped site
    • Poplar and convenient location near shopping amenities of Cricklewood, Kilburn and Brent Cross.
    • Development/Ground Rent Investment let at £310 per annum

    Description

    An attractive six storey detached block with brick elevations.

    Forms part of a larger rectangular site with direct in and out access from Shoot-Up Hill.

    Rear west facing communal garden.

    Two rear garage blocks comprising 18 garages.


    Additional information

    Tenure

    Freehold


    In accordance with Section 5B of the Landlord and Tenant Act 1987, notices have been served on the lessees and they have reserved their rights of first refusal.


    There is a tenants Right to Manage Company that manages the building through a managing agent.


    Accommodation

    Ground and Five Upper Floors - 18 Flats

    Two Rear Garage Blocks - 18 Garages

    Total site area approximately 0.55 acres


    Tenancy

    Flats/Garages 1 & 2, 4 -12 and 14 - 19 are each sold on a lease for a term of 149 years 11 months and 20 days from 29th September 1955 at ground rents of £15 or £20 per annum.

    Unexpired terms of approximately 84 years

    Flat/Garage 3 is sold on a lease for a term of 239 years 11 months and 21 days from 29th September 1955 at a ground rent of a peppercorn.


    Planning

    Prior Approval (Application No: 20/2732) was approved by the London Borough of Brent on 29th October 2020 for erection of two additional storeys to accommodate 6 residential units to detached residential block.


    A Community Infrastructure Levy (CIL) of £167,540.03 to the London Borough of Brent is liable on commencement of the development.


    The proposed development would provide 6 x two bedroom flats totalling approximately 4,452 sq ft, with two flats each of approximately 796 sq ft, two flats each of approximately 763 sq ft and two flats each of approximately 667 sq ft.


    Rent

    Total Current Ground Rent £310 per annum
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      Local information

      Situated on the west side of Shoot-Up Hill (A5) in a poplar residential area opposite the junction of Kingscroft Road.

      The shopping amenities of Cricklewood, Kilburn and Brent Cross are conveniently nearby.

      The leisure areas of Maygrove Park, Kilburn Grange Park and Queens Park are within easy reach.

      The A5 provides good road links to the West End and northwards to the North Circular Road (A406) and M1.


      Transport

      Underground - Kilburn (Jubilee Line)

      Overground - Brondesbury (Overground)

      National Rail - West Hampstead


      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