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Lot 5 Click here for addendum

15 Vacant Garages & Store with Development Potential
6 Week Completion

Situation

Located between the junctions with Norice Lea and Kingsley Way at the rear of Monach Court within this affluent and sought after north London suburb located approx. 1 mile from Hampstead Heath and just over ½ mile from East Finchley Underground Station (Northern Line).
Hampstead Garden Suburb lies approximately 6 miles north of central London.

PROPERTY & Accommodation

15 Garages and a Brick Store all in need of full refurbishment on a site of approx. 2,480 sq ft.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term from completion and expiring on 22nd March 3961 (thus having approx. 1,935 years unexpired) at a fixed ground rent of £10 p.a.

Offered with Vacant Possession

Note 1: There is asset management potential for refurbishment and letting.

Note 2: The property may benefit from redevelopment for residential or other use, subject to obtaining the necessary consents.

Note 3: The vendor has provided architects drawings for the development of 5 mews houses on the site, the construction of which would be subject to obtaining the necessary consents. The drawings are available from the Auctioneers.

*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.

15 Garages & Store r/o Monarch Court, Lyttleton Road, Hampstead Garden Suburb, London N2 0RB