Lot 76: FREEHOLD GROUND RENT INVESTMENT

Residential Investment - Surrey
Guide Price £65,000 – £71,000 * + Fees
Ground Rents, 29 Osborne Road, London. NW2 5DR

Applicants may view the lot externally only

01273 504232

Clive Slade/Sam Kinloch

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A mid-terrace house converted into two self-contained maisonettes situated in the popular residential area of Dollis Hill, North West London. The ground floor maisonette (29A) is sold on a 99 year lease from the 24th June 1988, at a current ground rental of £100 per annum and the first floor maisonette (29B) has been sold on a 99 year lease, from 27th September 1988, at a current ground rental of £100 per annum.

We understand that the freeholder is responsible for maintenance, management and insurance of the building, recovering the costs from the leaseholders by way of a service charge.

Auctioneer’s Note

Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

* Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors.

For more information on fees please go to cliveemson.co.uk/buyers-fees/

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.

Legal Documentation
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