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Lot 16 Click here for addendum

Freehold Reversionary Ground Rent Investment
6 Week Completion

Situation

Located in this residential area near to the junction with Lordship Lane and being under ¾ mile to the varied multiple shopping and public transport facilities in Wood Green High Road.
Wood Green is a popular suburb located approx. 8 miles north of the City of London.

Property

Comprising a mid-terraced house converted into 2 Self-Contained Flats each with their own street entrance and planned on ground and first floors. In addition, the property includes a rear garden.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: In accordance with s.5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction.

Note 2: The Freeholder insures. Current sum insured is £527,800. Current premium is £914.14 p.a.

Note 3: A 581 sq ft 2 bed ground floor flat in 4 Granville Rd sold for £328,000 in March 2017 (£564 psf).

Note 4: Refer to Special Conditions regarding outstanding Order for Costs from the lessee of No. 35 and other ground rent and insurance arrears.

Enquire about this lot:

JOINT AUCTIONEER:
William Dace Brown
Tel: 020 8886 4407 Ref: Katherine Dace
k.dace@wdbproperty.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.

35/37 Granville Road, Wood Green, London N22 5LP