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An Overriding Lease Held on the Basement Area with Rights to the Incoming Ground Rent from the Underlease of £300 per annum.
Tenure
Long Overriding Leasehold. The property is held on a 999 year lease from 2017 (thus approximately 999 years unexpired).
Location
The property is situated in the highly sought after West London area of Maida Vale close to local shops and amenities. The open spaces of Queen's Park are within easy reach. Transport links are provided by Maida Vale underground (Bakerloo line) and Westbourne Park underground (Circle & Hammersmith and City line) stations.
Lot Type
Redevelopment
Viewing Details
No viewings, excavation required.
Addendum
In accordance with the vendor's specific instructions, the deposit payable is 30% on this property and it must be paid in immediate cleared funds (ie debit card, bankers draft or immediate wire transfer. No payment by cheque is acceptable on this property).
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.