August 2021: Wednesday 04 August 2021 - 9:30am
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    Key features

    • A three storey building arranged as six self-contained flats
    • 1 x two bedroom flat, 1 x 1 bedroom flat and 4 x studio flats
    • Well located for Bowes Park transport links and amenities
    • Investment let at £30,120 per annum (3 of 6 units occupied) with potential to significantly increase
    • All viewings are being conducted by our joint auctioneer. Their contact information is at the bottom of these details

    Description

    A three storey mid terraced property currently arranged as a ground floor two bedroom flat and two studios, first floor one bedroom flat and one studio and second floor one studio flat

    The property is decorated neutrally throughout and benefits from a rear garden, currently for the use of the ground floor two bedroom flat

    Three of the six units are currently occupied with the remaining three units left vacant for the basis of the sale. Potential to significantly increase rental income

    Savills have been informed by the lettings agent that the full occupancy rent is estimated at £57,000 - £60,000 per annum. Prospective purchasers must rely upon their own enquiries in this regard

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Entrance Hallway, Two Studio Rooms, Two Shower Rooms/WCs, Living/Dining Room, Two Bedrooms, En Suite Bathroom/WC

    First Floor - Landing, Studio Room, Two Shower Rooms/WCs, Kitchen/Dining Room, Bedroom, Reception Room

    Second Floor - Landing, Kitchen, Shower Room/WC, Studio Room

    Tenancy

    Ground Floor Studio Front - Vacant

    Ground Floor Studio Front Right - Let on a 12 month assured shorthold tenancy for £650 per calendar month from 20th February 2021

    Ground Floor Two Bed Rear - Vacant

    First Floor One Bed Front - £1050 PCM - Let on a 11 month and 29 day assured shorthold tenancy for £1050 per calendar month from 18th March 2021

    First Floor Studio Rear - Vacant

    Second Floor studio - Let on a statutory periodic tenancy for £810 per calender month

    Notes

    For viewings please contact our Joint Auctioneer: 0208 888 8316 



    The property has not been internally inspected by Savills and all internal photos were taken on previous inspections

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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 on Whittington Road, close to the turning for Marlborough Road

      Bowes Park is an area in the north of London, in the borough of Haringey

      A variety of restaurants, cafes and bars can be found nearby on High Road and Myddleton Road

      Recreational amenities of Woodside Park and Springfield Community Park Park are both easily accessible

      Transport

      Bowes Park - Great Northern

      Bounds Green - Piccadilly

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      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