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Home » Property Search » Auctions » Current Auction » Ground Floor Flat, 360 Hornsey Road, Upper Holloway, N19 4HT

Lot 23 - Ground Floor Flat, 360 Hornsey Road, Upper Holloway, N19 4HT

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B Tobin & P Joseph of Strettons as LPA Receivers

LONG LEASEHOLD RESIDENTIAL INVESTMENT – FLAT LET ON AST

Guide price: £240,000 - £250,000 *

Auction Date

Tuesday, 27th March 2018 11:00am

Location & Description

A ground floor flat forming part of a mid terrace property on the east side of Hornsey Road, north of Seven Sisters Road and close to the junction with Tollington Park. Upper Holloway overground station is just over ½ mile away.

Accommodation

2 rooms, living room/kitchen, bathroom/WC

Let on a 24 month AST from 20.02.2017 at £1,209.32 pcm.

Lease Details

999 years from 25.03.2001 at a current ground rent of £350 p.a. for the first 25 years, £700 p.a. for the second 25 years, £1,400 p.a. for the third 25 years and £2,800 p.a. for the remainder of the term.

EQUIVALENT TO £14,511.84 p.a.

EPC Rating

F

Result

Sold £185,000

Addendum

EPC Rating is "E". The rent is payable every 4 weeks. Equivalent rent £15,721.16. There is an enforcement notice against the property as the development does not accord with the approved plans, details of which are available in the legal pack. The guide price is now £220,000 - £230,000.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.