Property for sale in London N16, 0 Bedroom

Lot 235 - This lot is for sale by auction as lot 235 on Thursday 28th March 2019.

A Freehold Ground Rent Investment secured upon a Mid Terrace Building internally arranged to provide Three Self-Contained Flats

Total Current Rent Reserved £450 per annum

Tenure
Freehold.

Location
The property is situated on the south side of Beatty Road, to the west of its junction with Stoke Newington Road (A10). Local shops and amenities are readily available along Stoke Newington Road to the east. London Overground services run from Rectory Station to the east. The A10 is to the east and provides direct access to the North Circular Road (A406) and the M25 Motorway. The open spaces of Hackney Downs and Abney Park are nearby.

Description
The property comprises a mid terrace building arranged over lower ground, raised ground and two upper floors beneath a pitched roof. The property is internally arranged to provide three self-contained flats.

Tenancy
Each flat is subject to a lease for a term of 125 years from 1st January 2017 (thus having approximately 123 years unexpired) at a current ground rent of £150 per annum (rising).

Rights of Pre-emption
The lessees have elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Management and Insurance
The Freeholder has the right to manage and insure.

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.