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Lot 18

For Sale By Power Of Attorney – Vacant 3 Bed Flat

6 Week Completion

Situation

Located opposite the junction with Balaams Lane, set back from the High Street, in this sought after North London suburb less than a ⅓ of a mile from Southgate town centre.
Southgate lies approximately 8 miles north of central London and the property is located within 10 minutes walk of Southgate Underground Station (Piccadilly Line).

Property

Forming part of a purpose built block comprising an unmodernised Self-Contained 3 Bed Flat on the ground floor together with a rear Garden and a Garage.
The property benefits from gas central heating (not tested).

ACCOMMODATION (measurements to maximum points)

Ground Floor Flat
Bedroom 1 9'11” × 16'10”
Bedroom 2 9'11” × 10'0” (with shower cubicle)
Bedroom 3 13'0” × 8'0”
Living Room 17'1” × 13'0”
Kitchen 9'11 × 9'10”
Bathroom 8'0” × 4'10”
Separate WC

GIA Approx. 930 sq ft plus Garage

Tenure

Leasehold for a term of 99 years from 29th September 1955 (thus having approx. 34⅓ years unexpired - see Note 2) at a fixed ground rent of £15.75 p.a.

VAT is NOT applicable to this Lot

Offered with vacant possession

Note 1: At the request of the Purchaser and prior to completion, the Vendor will serve a Section 42 Notice to extend the lease and assign this benefit to the Purchaser. This would be for an additional 90 year lease and extinguishment of the ground rent.

Note 2: Flat 11 Minchenden Court (GIA approx. 906 sq ft) sold for £440,000 in November 2019 on a renewed 165 year lease.

VIRTUAL TOUR
Click here to view the Virtual Tour of the property.

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.

*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.

9 Minchenden Court, High Street, Southgate, London N14 6ED