Withdrawn
- Land
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Large Site Measuring Approximately 5,667 sq m (60,999 sq ft). Comprising a Freehold Ground Rent Investment Secured on 4 x Detached Block of Flats (25 x Self Contained Units and 25 x Garages - All Sold Off) and Multiple Parcels of Land. Potential to Create Additional Garages (Subject to Obtaining all Relevant Consents).
The property comprises an irregular parcel of land measuring approximately 1.4 acres/5,667 sq m/60,999 sq ft and a ground rent investment secured upon four detached blocks of flats with garages (all sold off on long leases).
Tenure
Freehold
Location
The site is close to local shops and amenities. The open spaces of King George Recreation Ground are within easy reach. Transport links are provided by both Bushey overground and rail stations & Stanmore underground station (Jubilee line).
Accommodation
Flat/Garage: 208-228 Merry Hill Rd Sold off on 999 Year Leases from 16/08/1960 Flat/Garage: 1-13 Swallow Cl Sold off on 999 Year Leases from 16/08/1960
The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site. Some or all of the plot may comprise adopted highway land.
Further Information
A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
