A Freehold Ground Rent Investment Secured Upon a Block of Twelve Self-Contained Flats and Eight Garages Producing £2,025 per annum (Rising). Offered with Planning Permission to Create an Additional Floor to Provide Two Further Self-Contained Flats.
The property is situated in the sought after London area of Whetstone opposite the open spaces of Swan Lane Park and within walking distance of Totteridge & Whetstone underground station.
Barnet London Borough Council granted the following planning permission (Ref: 18/4856/FUL) on 29th July 2019: 'Alteration and modifications of existing roof including construction of an additional (fifth) floor with a new flat roof to building to provide an additional 2no self-contained flats. Associated alterations to fenestration. Additional provision of parking spaces and cycle storage'.
S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.