Withdrawn

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Freehold investment comprising a modern house arranged as 2 self contained flats and 1 x 1 bedroom and 2 x 2 bedroom self contained flats to the rear, let producing £57,924 pa.

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Description/Location

Situated in a cul-de-sac just off Colindale Avenue, Colindale tube 0.2 miles. Barnet Council issued a certificate of lawful use for the 3 self contained residential units Ref: 15/06903/191 on 15/12/2015. There is scope to increase the current rent in line with market rates.

Local Authority

London Borough of Barnet

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Please contact Elliott Network Auctions on 01923 240420

Accommodation

Main Dwelling: Ground Floor: Front door to entrance hall, 2 rooms, kitchen, conservatory, bathroom. Let on AST for 6 months from 01/12/2015 producing £1100 pcm.First Floor: Front door, stairs to hallway, 2 rooms, kitchen, bathroom. Let on AST since 2012, now periodic producing £743.24 per 4 weeks.Flat 1 Living room and kitchen, bedroom, bathroom. Let on AST since 2011, now periodic producing £827 pcm.Flat 2: Living room and kitchen, 2 bedrooms, bathroom. Let on AST for 6 months from 14/03/2015, now periodic producing £1050 pcm.Flat 3: Living room and kitchen, 2 bedrooms, kitchen, bathroom. Let on AST for 6 months from 01/02/2015, now periodic producing £1050 pcm.Outside: Courtyard gardens to the rear, driveway with parking for several vehicles to the front.

Rent

Current Rental Value: £57,986 pa

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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.