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Lot 27

On the instruction of The London Borough of Islington
6 Week Completion

Situation

Located in this popular and sought after area, just a few hundred yards from the junction with Liverpool Road and diagonally opposite Thornhill Primary School. Highbury & Islington Station (Victoria Line and Overground) and Angel Station (Northern Line) are both approx. ¾ mile distant.
The open spaces of Barnard Park as well as the multiple shopping facilities in Upper Street are within close proximity.

Property

Forming part of a purpose built residential block comprising an unmodernised 1 Bed Self-Contained Flat on the ground floor with its own private entrance.
The property benefits from gas central heating (not tested) and uPVC double glazing.

VAT is NOT applicable to this Lot

Accommodation

Ground Floor Flat
Living Room 10'10" x 15'0"
Bedroom 10'11" x 12'0"
Kitchen 10'10" x 6'5"
Bathroom/WC

GIA Approx. 485 sq ft

Offered with vacant possession

Tenure

Leasehold for a term of 125 years from 25th December 1988 (thus having 92¾ years unexpired) at a fixed ground rent of £10 p.a.

Note: Floor plan available from Auctioneers.

Enquire about this lot:

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

2 Barnes Court, Lofting Road, Islington, London N1 1JD