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Lot 14

Vacant 2 Bed Flat
6 Week Completion

Situation

Located close to the junction with Morris Way within this established local parade nearby a Tesco Express and Ladbrokes as well as a host of independent retailers. In addition, the Colney Fields Shopping Park, which includes Sainsbury's, Marks & Spencer, Next, Boots and Pure Gym, is approx. 1 mile distant.
London Colney lies approx. 15 miles north of central London enjoying easy access to the M25 (Junction 22), the M1 (Junction 6) and the A1M (Junction 1).

Property

Comprising a 2 Bed Self-Contained Duplex Flat on first and second floors accessed from a rear communal staircase and balcony.
The flat benefits from uPVC double glazing.

ACCOMMODATION (measurements to maximum points)

First Floor
Living Room	16'0” x 11'11”
Kitchen	9'9” x 8'8”
Second Floor
Bedroom 1	10'7” x 9'11”
Bedroom 2	9'10” x 6'11”
Bathroom/WC	10'1” x 5'8”
GIA Approx. 677 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 77½ years from 25th March 1988 (thus having approx. 40¼ years unexpired) at a current ground rent of £200 p.a. rising to £300 p.a. in 2028.

Offered with Vacant Possession

Note 1: No. 196a High Street (2 bed flat in the same block with an extended lease) sold for £245,000 in November 2022 (source: zoopla.co.uk).

Video Tour

Click here to view the video tour of the property.

Enquire about this lot:

JOINT AUCTIONEER:
Ian Gibbs
Tel: 020 8370 4820 Ref: Chris Sanderson
c.sanderson@iangibbs.com

*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.

192a High Street, London Colney, Hertfordshire AL2 1JQ