Roof spaces and and air rights with development potential subject to planning.

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Description/Location

The seller has obtained pre-application advice for the erection of 4 x 1 bedroom apartments of 52 sq m - 58 sq m NIA, copies of the drawings and advice are attached to the legal pack. The advice states there is no objection in principle to the creation of additional residential units in this location in land use terms, the scale of the development appears to be in line with other buildings and there is no identifiable harm with the creation of two units on each floor in principle. The seller has confirmed the roofs / lofts / air rights are not demised to the existing maisonettes and that any future development will have the freeholders consent.

Tenure

Leasehold: New 125 year lease from completion.

Office Contact

Network Auctions - 020 7871 0420

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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.