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2 bedroom apartment for sale
525 Finchley Road, Hampstead
- For sale by auction
- Investment Flat
- Number of Bedrooms: 2
- Number of Bathrooms: 2
- Number of Reception Rooms: 1
Tenure: LeaseholdThis lot is for sale by auction as lot 221 on 29th and 31st May 2012. Full and up to date details of this property, terms and conditions for the auction, and legal documentation for this lot are available at www.allsop.co.uk.
A Leasehold Self-Contained Lower Ground Floor Two Bedroom, Two Bathroom Flat subject to an Assured Shorthold Tenancy
• Entrance from Parsifal Road
Leasehold. The property is held on a lease for a term of 99 years from 25th December 1977 (thus having approximately 64 years unexpired) at a current ground rent of £100 per annum.
Finchley Road (A41) is the continuation of Hendon Way. The property itself is situated at the road's junction with Parsifal Road. Extensive shops and amenities are available in both West Hampstead and Hampstead, with Rail and Underground services running from West Hampstead Station (Jubilee Line). The open spaces of Fortune Green are within reach with Hampstead Heath being available nearby. The entrance to the flat is from Parsifal Road.
The property comprises a self-contained lower ground floor flat situated within a detached building arranged over lower ground, ground and two upper floors. The flat has use of the communal garden.
The property was not internally inspected by Allsop. The following information was provided by the Vendor.
We understand the property provides:
Reception Room with integral Kitchen, Bedroom with En-suite Shower Room with WC and wash basin,
Guest Bedroom with WC and wash basin.
We understand the Gross Internal Area is approximately 774 sq ft (72 sq m)
The property is subject to an Assured Shorthold Tenancy for a term of 1 year from 28th March 2011 at a current rent of £350 per week. (Holding over)
NB. A Section 42 notice has been served on the Freeholder dated 27th April 2012 at a figure of £19,800. Prospective purchasers are advised to consult the legal documents for further information.
West End Estates
(Ref: S Morris).
Tel: 0207 794 3030
Fax: 0207 794 1313
Messrs Seddons (Ref: AM).
Tel: 0207 725 8000 Fax: 0207 935 5049.
Current Gross Rent Reserved £18,200 per annum (equivalent)
Guide Price. Please note, that guide prices are intended to indicate an approximation of the minimum acceptable price to each client. These guide prices should not be interpreted as asking prices and are purely for guidance. Guide prices are subject to contract and subject to alteration. Prospective purchasers are strongly advised to contact Allsop in order to check the availability of each lot prior to the auction sale. Whilst every effort is made to ensure that a guide price is not misleading, it is possible that the reserve price set for any auction lot may exceed the previously quoted guide price. The most up-to-date guide prices are always featured on our on-line service at: www.auction.co.uk.