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Lot 19 - Flat A, 41 Hertford Street, Mayfair, W1J 7SJ

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LONG LEASEHOLD RESIDENTIAL INVESTMENT

Guide price: £975,000 - £1,000,000 *

Auction Date

Tuesday, 22nd May 2018 11:00am

Location & Description

Forming part of this attractive mid terrace, period property comprising a mainly lower ground floor flat, plus first floor store/utility room. The flat can be accessed via the ground floor common entrance or the front stairwell.
In this prime London location within the heart of Mayfair, east of Park Lane, north of Piccadilly and close to Hyde Park. Green Park underground station (Jubilee, Piccadilly and Victoria lines) is just over ¼ mile away.

Accommodation

Ground Floor: Entrance and utility room
Lower Ground Floor: Master bedroom with en-suite bathroom/WC plus access to courtyard, further room, living room, kitchen, sep. WC

Area: 930 sq ft (86.4 sq m) - From floor plans and not verified by Auctioneers. Internal photos available online.

Let to an individual on a 12 month AST from 01.05.2017 (holding over) at £3,900 pcm.

Lease Details

125 years (less three days) from 20.03.1998 at a current ground rent of £400 p.a. doubling every 25 years

EQUIVALENT TO £46,800 p.a.

EPC Rating

D

Property Features

  • Prime London Location
  • Long Leasehold Residential Investment - 1 Bed Flat
  • Close to Park Lane, Hyde Park and Piccadilly
  • Equivalent £46,800 p.a.

Result

Withdrawn Prior to Auction

Joint Agent

 Wetherell Tel: 020 7493 6935 Ref: Hugo Miller

Addendum

The property is within the Mayfair Conservation Area. In recent months, there has been an allegation by the police and neighbours, of alleged unlawful use of the flat. However, we have also been advised that the property had been let short term on Airbnb. When we inspected on 25th April, there was no sign of any occupation. The Receivers have not been collecting any rent in respect of this tenancy.

* 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.