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Lot 23

Vacant 1 Bed Retirement Flat
On behalf of Executors
6 Week Completion

Situation

Located close to the junction with Grove Road in this residential street conveniently located less than 250 yards from all the various shopping, leisure and transport facilities on the High Road, in this popular London suburb located approximately 8 miles north of central London.

Property

Forming part of a purpose-built apartment block, comprising a Self Contained 1 Bed Retirement Flat on the first floor with fitted carpets and curtains. The block is Warden Assisted and benefits from:

• Communal Lounge
• Communal Laundry Facilities
• Communal Gardens
• Communal Parking

ACCOMMODATION

First Floor Flat
Living Room 18'11 × 10'6''
Bedroom 14'1'' × 8'10'' plus wardrobe (1'11" × 5'7")
Kitchen 7'4'' × 5'5''
Bathroom/WC 6'8'' × 5'6''

GIA Approx. 447 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 99 years from 1st June 1988 (thus having approx. 64½ years unexpired) at a current ground rent of £200 p.a. subject to review in 2030, 2051 and 2072.

Offered with Vacant Possession

Note 1: The Flat must be occupied by people who are at least 60 years of age or for a couple, one of whom is such a person.

Note 2: 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.

Note 3: Flat 7 Lynchgate Court sold for £130,000 in April 2022 and Flat 17 Lynchgate Court sold for £160,000 in September 2021 (Source: Rightmove)

VIRTUAL TOUR

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*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.

Flat 20, Lychgate Court, 34 Friern Park, Finchley, London N12 9UL