For Sale By Auction | 12:00, 02 June 2017 | Lot 34

Overriding Lease of Basement Areas 42-44 & 46-48 Russell Road, Hendon, London, NW9 6AL

Sold £8,000

  • Residential Development
  • Tenure: Long Overriding Leasehold. The property is held on a 999 year lease from 2017 (thus approximately 999 years unexpired).

Call the team on 020 7625 9007 for more information

Auction Date

Fri 02/06/2017

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

Two Overriding Leases Held on Both Basement Areas with Rights to the Combined Incoming Ground Rent from Both Underleases of £600 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 North West London area of Hendon close to local shops and amenities. The open spaces of York Park are within easy reach. Transport links are provided by Hendon rail station.

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.