The property a twelfth floor flat within a purpose built block. It is being sold subject to a tenancy with a tenant in situ paying a rent of £1500 per month. Access is via a communal entrance and stairwell or lift. There is gas central heating (un-tested) and a balcony to the lounge.
The property is in an area where there will be demand from both investors and owner occupiers, in a residential area of Blackbird Hill within Neasden. Wembley Park Underground Station provides access to the Jubilee and Metropolitan lines and lies approximately 0.75 mile to the west. Local bus routes can be accessed to the front of the property on the A4088 and the north circular (A406) lies approximately 0.5 mile to the east. A range of local retail and commercial uses are located nearby, fronting the A4088 and a Lidl supermarket is within 200 metres.
Leasehold for 125 years from 1st January 1985 and from documents obtained from Land Registry the ground rent appears to be £10 per annum. Service charge for 2021 to 20211 is £864.99.Barnet Council are currently carrying out works to the cladding and fire protection at the building and we understand that the costs will not be passed onto leaseholders.
The flat extends to 61.78 sq m (665 sq. ft) as follows:
Hall, Kitchen, Lounge, Two Bedrooms and Bathroom
There appears to be a resident permit parking scheme in the vicinity and the lease provides the right to park in the communal car parks of the estate.
The property is currently tenanted on a 6 month AST from 15th February 2021 at monthly rent of £1500.
Energy Asset Rating is C.
There will be a Buyer's Administration Fee of £2400 (inc VAT) payable upon exchange of contracts.
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
This auction is now closed.
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