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Lot 19

For sale by Power of Attorney – Vacant 2 Bed Flat
6 Week Completion

Situation

Located off Mount Pleasant within this garden suburb style courtyard development, close to the Cockfosters Road and in the heart of this highly sought after North London suburb.
The property is within close walking distance of Cockfosters Underground Station (Piccadilly Line) and the many restaurants, cafés and shops.
Cockfosters lies approximately 11 miles north of central London.

Property

Forming part of a purpose built block comprising a Self-Contained 2 Bed Flat on the first floor. The flat benefits from:
• uPVC double glazing
• French doors leading to a Balcony
• Entryphone
• Gas central heating (not tested)
In addition, the property includes 2 Garages.

ACCOMMODATION (measurements to maximum points)

First Floor Flat
Bedroom 1 13'11 × 11'3”
Bedroom 2 9'1” × 7'9”
Living Room 15'3” × 11'8”
Kitchen 13'0” × 6'10”
Bathroom/WC 8'11” × 6'10”

GIA Approx. 650 sq ft Plus 2 Garages

VAT is NOT applicable to this Lot

Tenure

Flat & Garage Nos. 19 & 26 - held under 3 separate Leases each for a term of 125 years from 1st January 1976 (thus having approx. 80½ years unexpired - see Note 2) at a ground rent of £50 p.a. (rising) for the Flat and a peppercorn for the Garages.

Offered with vacant possession

Note 1: Refer to Auctioneers to view the Virtual Tour and Floor Plans.

Note 2: The Vendors have served a Section 42 Notice upon the Freeholders requesting a 90 year extension and extinguishment of the Ground Rent in payment of £6,000 plus Freeholders costs.

The Freeholders have responded with a Section 45 Counter-Notice requesting £11,400 plus Freeholders costs.

The Purchaser will be assigned the benefit of the Section 42 Notice.

*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.

22 Belmont Close, Cockfosters, Hertfordshire EN4 9LS