Sold prior to auction, for an undisclosed amount

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Freehold development opportunity comprising 2 x 1 bedroom flats (1 vacant, 1 sold off on a lease) garage, gardens and a site that extends to 0.46 acres

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Description/Location

The vacant ground floor apartment (142e, 473 sq ft, source EPC) offers potential for extension subject to planning. The upper flat (142d) is held on a lease for 99 years from 28/03/1991 which includes the lawned front garden. The site extends to 0.46 acres and offers development potential subject to the necessary consents. The driveway parking is currently used by other occupiers on an informal basis and there is an opportunity to formalise this arrangement.

Tenure

Freehold
EPC rating D/63

Local Authority

St Albans City and District Council

Viewing

Please contact Raine & Co Potters Bar for viewings on 01707 665577.

Accommodation

Ground floor: Entrance hall, kitchen, conservatory, bedroom, bathroom.

Rent

Potential rent £9,300 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.