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

Lot 20

2 Bed Maisonette - Gross Yield 9.1%
In the same ownership for over 25 years
6 Week Completion

Situation

Located close to the junction of Horsenden Lane North at its intersection with Greenford Road in this popular mixed residential & commercial area only a short walk from Sudbury Hill Harrow Station (Overground & Piccadilly Line) and close to the large recreational space within Horsenden Hill.
Sudbury Hill is located between Greenford and Harrow, with good road links to the A40 Western Avenue and the A406 North Circular Road, approx.10 miles north-west of Central London.

PROPERTY

Forming part of a semi-detached property comprising a purpose-built Self-Contained 2 Bed Maisonette at first floor level.

The property benefits from:

Gas central Heating
uPVC Double Glazing
Private rear Garden area

ACCOMMODATION

First Floor Maisonette
Bedroom 1	12'8' × 9'5"
Bedroom 2	9'8" × 5'11"
Living Room	14'5" × 10'1"
Kitchen	7'10" × 5'2"
Bathroom/WC	6'2" × 5'2"
GIA Approx. 459 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 125 years from 25th December 2000 (thus having approx. 99¼ years unexpired) at a fixed ground rent of £100 p.a.

Tenancy

The property is let on a Periodic Tenancy (formerly an AST) to 2 Individuals at a current rent of £11,400 per annum exclusive (£950 pcm).

Note 1: The tenants have been in occupation since 2006.

Note 2: No 519 Oldfield Lane North (2 bed flat approx. 515 sq ft) sold in October 2020 for £305,000 (£592 per sq ft) (source: zoopla.co.uk).

Note 3: 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.

545 Oldfield Lane North, Sudbury Hill, Greenford, Middx UB6 0EP