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For Sale By Auction | 12:00, 12 December 2018 | Lot 4

Upper Flat, 105 Forburg Road, Stoke Newington, London, N16 6HR

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Sold £450,000

  • Maisonette
  • 2 Bedrooms
  • Tenure: Leasehold. The property is held on a 120 year lease from 1982 (thus approximately 84 years unexpired) at a ground rent of £50 pa. Included in the sale is the headlease which allows the owner to collec

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Auction Date

Wed 12/12/2018

Auction Time

12:00

Auction Venue

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

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A First & Second Floor Two Bedroom Maisonette Plus Head Leasehold Ground Rent Investment.

The property comprises a two bedroom first and loft floor maisonette within a mid terrace building arranged over lower ground, raised ground and two upper floors. The property requires a program of refurbishment but benefits from a separate entrance door beyond the communal front door (shared with Ground Floor Flat but not the Basement Flat).

Tenure

Leasehold. The property is held on a 120 year lease from 1982 (thus approximately 84 years unexpired) at a ground rent of £50 pa. Included in the sale is the headlease which allows the owner to collec

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Location

The property is situated on a popular residential road close to shops and amenities. The open spaces of Springfield Park are within easy reach. Transport links are provided by Stoke Newington rail station.

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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.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.