Property for sale in Hitchin SG5, 2 Bedroom

Lot 277 - This lot is for sale by auction as lot 277 on Thursday 14th February 2019.

A Long Leasehold First and Second Floor Self-Contained Maisonette subject to a Regulated Tenancy

Current Gross Rent Reserved

£4,440 per annum (equivalent)

Tenure
Long Leasehold. The property is held on a lease for a term of 125 years from 1st January 2019 (thus having approximately 125 years unexpired) at a current ground rent of £200 per annum.

Location
The property is located on the south side of Market Place, at its junction with Bucklersbury. Market Place is the main square in Hitchin with shops and amenities and close to High Street. Bus routes run along Bancroft and Hitchin Rail Station is to the north-east, providing frequent direct services to Central London. Road communications are afforded with the nearby A505 and A602, which in turn leads directly to the A1 Motorway. The open spaces of St John’s Park and Pinehill Park are within easy reach.

Description
The property comprises a self-contained first and second floor maisonette situated within an end of terrace building arranged over ground and two upper floors.

Accommodation
The property was not internally inspected by Allsop. The following information was obtained from the Rent Register. We understand that the property provides:First Floor – Room, Kitchen, Bathroom/WCSecond Floor – Two Rooms

Tenancy
The property is subject to a Regulated Tenancy paying a registered rent of £370 per calendar month (effective date 10th February 2011).Nb. We are informed by the Vendor that a revised fair rent application was submitted on 7th December 2018.

Seller’s Solicitor
Messrs Wright & Co (Ref: Graham Wright). Tel: Email: Info@wrightand.Co.Uk

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: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.