St. Johns Court, Finchley Road, Hampstead, NW3 6LL
- PROPERTY TYPE
Land
- SIZE
Ask agent
Description
In Same Ownership for
Approximately 36 Years
Headlease Ground Rent Investment
Conveniently situated between Goldhurst Terrace and Canfield Gardens in this sought after area, close to a good range of shops and travelling facilities including Finchley Road Underground Station (Jubilee and Metropolitan Lines) and South Hampstead Overground Station.
The property comprises a Leasehold Ground Rent Investment amounting to £4,120 per annum.
The net rent is £2,611 per annum after the ground rent to the head lessee is paid.
Head Leasehold. The property is held on a lease for a term of 125 years from 25th December 1981 (thus having approximately 80 years unexpired) at a current ground rent of £1,509 per annum paid to Waitrose (who have a superior lease).
The residents management company is responsible for the repair and maintenance of the building.
Note 1: There are currently 31 Flats with approximately 80 years remaining on the leases. A Full Ground Rent Schedule is available within the Legal Pack.
Note 2: A significant opportunity exists to unlock additional value through rooftop development, with the potential to create further accommodation, subject to obtaining the necessary planning permission and all required statutory consents.
Note 3: There is a Vodafone telecoms lease currently holding over at £16,000 rent per annum with 50% of this rent due to the head lessee subject to demand by the head lessee. The head lessee have not demanded for the last circa 2 years.
Producing £10,611 per annum
*Guides 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. Each 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. Guide prices will be continually updated on our website up until the day of the auction.
There is a buyers fee payable to McHugh & Co of £1,500 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £500 incl. VAT is to be paid to McHugh & Co.
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.
Brochures
Online BiddingSt. Johns Court, Finchley Road, Hampstead, NW3 6LL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Finchley Road Station0.1 miles
- Swiss Cottage Station0.3 miles
- Finchley Road & Frognal Station0.3 miles
Notes
Disclaimer - Property reference 369934. 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 McHugh & Co, London. 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.
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 McHugh & Co, London on 020 3907 9877.
*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.”