* Refer to Point 9 in the ‘Notice to all Bidders’ page LOT 59 173 Goldhurst Terrace, West Hampstead, London NW6 3ES * Reserve below £30,000 GROUND RENT INVESTMENT SITUATION Located close to the Finchley Road in this highly sought after and vibrant residential area, running between Belsize Road (B509) and Aberdare Gardens, just a short walk away from South Hampstead railway station and approx. ½ mile from Swiss Cottage Underground Station (Jubilee Line). West Hampstead is an affluent residential area just 3 miles north of central London. VAT is NOT payable in respect of this Lot PROPERTY An end of terrace property comprising 4 Self-Contained Flats spread across Lower Ground, Ground, First, Second and Third Floors. The property benefits from 1 off-street car parking space and a rear garden. FREEHOLD £800 per annum VENDOR’S SOLICITORS Simmons Stein - Tel: 020 8954 8080 Ref: G. Simmons Esq - Email: [email protected] The Surveyors dealing with this property are JOHN BARNETT and NICHOLAS LEIGH FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration fee of £500 (including VAT) upon exchange of contracts 6 WEEK COMPLETION TENANCIES & ACCOMMODATION Property Accommodation Lessee Term Ann. Excl. Rental Remarks Lower Ground Floor Flat Not Inspected Individual 125 years from 25th March 1988 £200 FRI Rent rises by £100 p.a. every 25 years Note 1: This flat sold for £780,000 in May 2012 Ground Floor Flat Not Inspected Individual 125 years from 25th March 1988 £200 FRI Rent rises by £100 p.a. every 25 years First Floor Flat Not Inspected Individual 125 years from 25th March 1988 £200 FRI Rent rises by £100 p.a. every 25 years Second and Third Floor Flat Not Inspected Individual 125 years from 25th March 1988 £200 FRI Rent rises by £100 p.a. every 25 years TOTAL £800 Note 2: In accordance with Section 5B of the Landlord & Tenant Act 1987, Notices have been served on the Lessees and they have reserved their rights of first refusal. This lot cannot be sold prior to auction. Note 3: The Freeholder insures the property and nominates the Agency. Current Sum Insured £920,865. Current Premium £2,253.70. 70

GROUND RENT INVESTMENT - Barnett Ross · 2016. 7. 26. · LOT 59 173 Goldhurst Terrace, West Hampstead, London NW6 3ES *Reserve below £30,000 GROUND RENT INVESTMENT SITUATION Located

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* Refer to Point 9 in the ‘Notice to all Bidders’ page

LOT 59 173 Goldhurst Terrace,West Hampstead, London NW6 3ES

*Reserve below £30,000

GROUND RENT INVESTMENT

SITUATIONLocated close to the Finchley Road in this highly sought after and vibrant residential area, running between Belsize Road (B509) and Aberdare Gardens, just a short walk away from South Hampstead railway station and approx. ½ mile from Swiss Cottage Underground Station (Jubilee Line).West Hampstead is an affluent residential area just 3 miles north of central London.

VAT is NOT payable in respect of this Lot

PROPERTYAn end of terrace property comprising 4 Self-Contained Flats spread across Lower Ground, Ground, First, Second and Third Floors. The property benefits from 1 off-street car parking space and a rear garden.

FREEHOLD

£800 per annum VENDOR’S SOLICITORS Simmons Stein - Tel: 020 8954 8080

Ref: G. Simmons Esq - Email: [email protected] The Surveyors dealing with this property areJOHN BARNETT and NICHOLAS LEIGH FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE

The successful Buyer will be liable to pay the Auctioneers an administrationfee of £500 (including VAT) upon exchange of contracts

6 WEEK COMPLETION

TENANCIES & ACCOMMODATIONProperty Accommodation Lessee Term Ann. Excl. Rental RemarksLower Ground Floor Flat

Not Inspected Individual 125 years from25th March 1988

£200 FRIRent rises by £100 p.a. every 25 yearsNote 1: This flat sold for £780,000 in May 2012

Ground Floor Flat Not Inspected Individual 125 years from25th March 1988

£200 FRIRent rises by £100 p.a. every 25 years

First Floor Flat Not Inspected Individual 125 years from25th March 1988

£200 FRIRent rises by £100 p.a. every 25 years

Second and Third Floor Flat

Not Inspected Individual 125 years from25th March 1988

£200 FRIRent rises by £100 p.a. every 25 years

TOTAL £800

Note 2: In accordance with Section 5B of the Landlord & Tenant Act 1987, Notices have been served on the Lessees and they have reserved their rights of first refusal. This lot cannot be sold prior to auction.

Note 3: The Freeholder insures the property and nominates the Agency. Current Sum Insured £920,865. Current Premium £2,253.70.