Unsold, please refer to the auctioneer

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Freehold ground rents secured against 4 apartments including 2 with valuable reversions in 62 years.

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Description/Location

A fine terraced building arranged as 4 apartments across 5 floors, Westbourne Park tube is nearby. LGF with private garden: 99 years from 01/01/1986 (62 unexpired). £200 pa, 30 year reviews. GF: 189 years from 01/01/1986. Peppercorn. FF: 99 years from 01/01/1986 (62 unexpired). £200 pa, 30 year reviews. 2F Duplex: 189 years from 01/01/1986. Peppercorn. The freeholder manages and insures. We refer bidders to the legal pack for copies of the Section 5a Notices served upon the lessees. HMLR records of recent sale prices for neighboring properties: 9 Leamington Road Villas (house) £5,600,000 18/06/2021. 20 Leamington Road Villas (LGF garden flat) £1,800,000 19/08/2022.

Tenure

Freehold

Local Authority

Westminster City Council

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Accommodation

All sizes quoted are from the EPC register. LGF: 60 sqm / energy rating C. GF: 53 sqm / E. FF: No record. 2F: 101 sqm / C.

Rent

Ground Rent: £400 pa (rising)

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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.