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Lot 13

1 Bed Flat let to a Regulated Tenant
6 Week Completion

Situation

Located in the sought after ‘Haringey Ladder' and in close proximity to the many restaurants, cafés and pubs in and around Green Lanes and Crouch End Broadway as well as the multiple shopping facilities of Wood Green. The area is also well served by various bus routes as well as Turnpike Lane Underground Station (Piccadilly Line) Harringay Station (Overground).

Property

Forming part of a mid terraced building comprising a Self Contained 1 Bed Flat on the ground floor which includes gas central heating together with a Rear Garden.

ACCOMMODATION (measurements to maximum points)

Ground Floor Flat
Bedroom	11'8"	×	9'0"
Living Room	13'9"	×	11'7"
Kitchen	10'10"	×	7'2"
Bathroom/WC	8'10"	×	5'9"
GIA Approx. 445 sq ft
Plus Rear Garden

Click here to view the floor plan.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 200 years from 19th July 2017 (thus having approx. 192 years unexpired) at a ground rent of £100 p.a. rising by £100 every 25 years.

Tenancy

The entire property is let on a Regulated Tenancy to an Individual at a current rent of £9,907 per annum exclusive - see Note 1.

Note 1: The rent was last registered on 21st July 2022 and therefore the rent is now due to be re-registered.

Note 2: A 1 bed flat ground floor flat (approx. 388 sq ft) in nearby Lausanne Road is currently on the market for £360,000 (source: Zoopla.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.

Ground Floor Flat, 62 Fairfax Road, Haringey, London N8 0NG