Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 19 Click here for addendum

1 Bed Flat let on a very low rent - Gross Yield 7.7%
In the same ownership for over 15 years
6 Week Completion

Situation

Located close to the junction with Barons Road in this densely populated residential area, opposite Harrow & Wealdstone Station (Overground & Bakerloo Line) and less than a mile north of the multiple shopping facilities of Station Road and the St Ann's Shopping Centre.
Harrow is a thriving commercial hub located between Stanmore, Pinner and Wembley, with good road links to the A40, A406 and M1 and approx. 11 miles north-west of Central London.

Property

Located within this modern three storey purpose-built block comprising a Self Contained 1 Bed Flat on the second floor.

The property benefits from:

Electric wall heaters
uPVC Double Glazing
Video Entry Phone
Communal Garden area

ACCOMMODATION (measurements to maximum points)

Second Floor Flat
Bedroom	12'7" × 10'6"
Living Room	17'0" × 10'5"
Kitchen	12'7" × 7'4"
Barthroom/WC	8'4" × 4'11"
GIA Approx. 485 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold (by way of an extension) for a term from 17th July 2025 to 29th November 2202 (thus having approx. 176 years unexpired) at a peppercorn ground rent.

Tenancy

The property is let to The Mayor and Burgesses of the London Borough of Harrow on a 2 year lease from the 12th October 2023 at a very low current rent of £9,600 per annum exclusive (£800 pcm) (see Note 1).

Holding Over - The Landlord can terminate the lease on 6 months notice and the Tenant can terminate on 3 months notice.

Note 1: Flat 43 Churchill Place (1 bed) is currently let at £15,000 p.a. - see Lot 18 in this auction.

Note 2: Flat 44 Churchill Place (1 bed flat approx. 570 sq ft) sold in June 2025 for £228,000 (£400 per sq ft) (source: zoopla.co.uk).

Note 3: The service charge for 2025 was circa £800.

Note 4: Refer to the Auctioneers for the video tour of the property.

*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.

69 Churchill Place, Sandridge Close, Harrow, Middlesex HA1 1XZ