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Property for sale

Flats 1-14, 40/41 Wimpole Street and 1-4, 19-21 Wimpole Mews, Marylebone, London W1G

Removed £40,000

Property Description

Key features

  • For sale by auction
  • Ground Rent

Full description

Tenure: Freehold

Lot 25 - This lot is for sale by auction as lot 25 on 15th December 2016.

A Head Leasehold Ground Rent Investment secured upon a Prominent Purpose Built Block and Rear Mews Building internally arranged to provide a Total of Eighteen Self-Contained Flats

- Seventeen Flats subject to Leases, One Flat subject to a Caretaker Occupancy
- Underground Parking and Communal Garden
- Total Current Gross Rent Reserved

£2,560 per annum


BY ORDER OF TRUSTEES


Tenure
Head Leasehold. The property is held on a lease for a term of 99 years from 6th April 1958 (thus having approximately 41 years unexpired) at a current ground rent of £540 per annum.

Location
The property is situated on the east side of Wimpole Street, to the south of its junction with Weymouth Street. The local extensive amenities of Marylebone are readily available, with the shopping facilities of Oxford Street being within easy reach to the south. The open green spaces of Regent's Park are within close proximity to the north. Regent's Park Underground Station (Bakerloo Line) is within easy reach to the north.

Description
The property comprises a ground rent investment secured upon a purpose built block arranged over lower ground, ground and six upper floors. The property is internally arranged to provide fourteen self-contained flats. In addition, there are four further flats within a mews building to the rear. The property benefits from underground parking, a communal garden and a passenger lift. There are fourteen lockers in the basement of the main block.

Tenancies
A schedule of Tenancies is set out below. NB. The Lessees have NOT elected to take up their rights of pre-emption under the Landlord & Tenant Act 1987

Joint Auctioneer
Messrs Jeremy James & Co (Ref Jeremy Cohen). Tel 0207 486 4111.Email jeremy.cohen@jeremy-james.co.uk

Seller's Solicitor
Messrs Quastel Midgen LLP (Ref JG). Tel 0207 908 2525.Email jgoldberg@quastels.com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
26 November 2016

Map & Street View

Disclaimer - Property reference 970000074. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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