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Lot 17 Click here for addendum

For sale by Power of Attorney – Vacant 1 Bed Retirement Flat
6 Week Completion

Situation

Located off the High Road in this sought after town centre well served by a variety of multiple retailers including Costa, Budgens, Iceland and Caffé Nero as well as a host of independent traders, coffee shops, restaurants and the Phoenix Cinema.
East Finchley lies approximately 5½ miles north of central London and the property is only 180 yards from East Finchley Underground Station (Northern Line).

Property

Forming part of a purpose built retirement block comprising a Self-Contained 1 Bed Flat in need of modernisation, planned on the third floor.
The property benefits from lift access, electric heaters (not tested) and an entry-phone system. In addition, there is a use of car park on a first come first served basis, a community room and a communal kitchen as well as non-resident management staff.

ACCOMMODATION (measurements to maximum points)

Third Floor Flat
Living Room 20'3” × 10'10”
Bedroom 14'2” × 9'2”
Kitchen 8'7” × 6'11”
Shower Room/WC 6'10” × 4'8”

GIA Approx. 500 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 99 years from 25th December 1986 (thus having approx. 65⅓ years unexpired - see Note 2) at a peppercorn ground rent.

Offered with vacant possession

Note 1: No. 45 Stokes Court (1 Bed Flat) sold in April 2020 for £220,000 with a lease having an unexpired term of approx. 67 years.

Note 2: At the request of the Purchaser and prior to completion, the Vendor will serve a Section 42 Notice to extend the lease for an additional 90 years and assign this benefit to the Purchaser.

Note 3: The lease cannot be assigned to a Purchaser under retirement age.

Due to Government Guidelines we will try to accommodate all viewing requests, but in the first instance you are advised to view the virtual tour where available and/or any internal images on the Particulars before requesting a viewing. Each viewing will be arranged for you for a specific period of time and you will be required to attend the viewing promptly and ensure gloves and a face covering are worn. Please observe social distancing while you are at the property and we will ensure that all doors will be open and lights switched on. If you are experiencing any Coronavirus symptoms then please do not attend the viewing as you will not be allowed access into the property.

Enquire about this lot:

JOINT AUCTIONEER:
Jeremy Leaf & Co
Tel: 020 8444 5222 Ref: Wayne Edmonds
wayne@jeremyleaf.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 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.

46 Stokes Court, Diploma Avenue, East Finchley, London N2 8NX