Lot 28 Click here for addendum
Reversionary Freehold Ground Rent Investment with 2 Valuable Reversions
6 Week Completion
Located close to the junction with Bells Hill in this sought-after residential area, within easy walking distance of the excellent Retail and Leisure facilities of Barnet town centre, and High Barnet Underground Station (Northern Line).
Barnet lies approx. 10 miles north of central London, benefitting from excellent road access to the M25 (Junction 23) and the A1(M) (Junction 1).
A mid terrace building comprising 2 Self-Contained Flats.
In addition the property includes a Garden at the rear.
VAT is NOT applicable to this Lot
Note 1: The Lessee of No. 17 West End Lane paid a premium of £55,028 in 2019 to extend the Lease.
Note 2: The Freehold of two neighbouring properties (Nos. 1-3 & 17-19) are also being offered for sale in this Auction - See Lots 27 & 29.
Note 3: 37 West End Lane comprising a ground floor 2 Bed Flat sold for £350,000 in January 2021 (Source: Rightmove and Zoopla).
Note 4: The Freeholder manages and insures the property.
Note 5: 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. Therefore this lot cannot be sold prior to the auction.