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Lot 46Sold: £24,000

21 Ashburnham Close, East Finchley, London N2 0NH

  • Photo1
  • Photo2

Lot 46

GROUND RENT INVESTMENT
ON BEHALF OF A CHARITY
6 Week completion

SITUATION

Located in this cul-de-sac directly off Stanley Road close to its junction with East End Road within this popular residential area, being approx. 1⁄3 mile from East Finchley Underground Station (Northern Line) and a short distance from the North Circular Road (A406).

PROPERTY

Comprising an end of terrace 3 Bed House planned on ground, first and second floors. The property includes an integral Garage, off street parking and a Rear Garden.

ACCOMMODATION

(Not inspected by Barnett Ross)
3 Bedrooms, Living Room, Kitchen, Bathroom/WC plus Garage.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to 3 individuals for a term of 99 years from 29th September 1972 (thus having approx. 55 years unexpired) at a current ground rent of £60 per annum exclusive, rising to £90 per annum in 2028.

Note 1: The property has been underlet for 99 years less 10 days from 29th September 1972 at £80 p.a. and rising.

Enquire about this lot:

Photo of JONATHAN ROSS

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of ELLIOTT GREENE

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.