Stats
Total lots = 85
No. Withdrawn = 8
Unsold lots = 24
% of unsold lots = 28%
Thursday, 25 February 2010
1st & 2nd Floors,39 Stroud Green Road, Finsbury Park, N4 (N4)
 Location & Description | |
| A mid terrace upper part comprising seven individual bedsit rooms above a retail unit within an established mixed commercial/residential area, close to the junction with Lennox Road and near to Finsbury Park. The property is also about ¼ mile from | |
| Accommodation | |
| Attic: 1 bedsit room | |
| Second Floor: 3 bedsit rooms, kitchen | |
| Half Landing: Bathroom/WC | |
| First Floor: 3 bedsit rooms, kitchen | |
| Half Landing: Bathroom/WC | |
| At the time of printing, we have been unable to view any legal documentation but are advised that five of the seven bedsits are currently let on ASTs | |
| Lease Details | |
| Held on a 99 year lease from 24.06.1986 at a ground rent of £50 p.a. | |
| EQUIVALENT TO £24,130 p.a. plus 2 VACANT bedsits. | |
| Contact: 020 8520 8383 | |
| Joint Auctioneer | Field & Sons. Tel: 020 7234 9639 Ref: Ian Lim Esq |
| GUIDE PRICE: £320,000 - £340,000 | |
| Announcements |
| With reference to the Lease Details, the property is held on a 99 year lease from 24.06.1989 at a ground rent of £50 p.a. and not as stated on the particulars. |
67 Highbury Park, Highbury, N5 (N5 1UA)
 Location & Description |
| Forming part of a mid terrace building comprising a ground floor shop within a local parade, situated between the junctions of |
| Accommodation |
| Ground Floor Shop: |
| Area approx 289 sq ft (26.9 sq m), WC |
| Let on a repairing and insuring lease to Thi Nhan Duong (as a nail spa) for a term of 12 years from 01.06.2006 at a rent of £12,000p.a. exclusive. The lease is subject to 3 yearly rent reviews (2009 review not implemented). |
| Lease Details |
| Leasehold for a term of 150 years from completion at a peppercorn rent. |
| EQUIVALENT TO £12,000 p.a. |
| Contact: 020 8520 8383 |
| GUIDE PRICE: £150,000 - £160,000 |
26 Horsecroft Road, The Pinnacles, Harlow, (CM19 5BH)
Location & Description | |
| On the east side of Horsecroft Road towards the southern end within The Pinnacles industrial area and a short distance from the A414 Edinburgh Way which gives good road access to both the A10 and M11 (Junction 7). | |
| Property comprises a light industrial/warehouse unit incorporating two storey offices to the front and secure yard/parking to the side and rear. | |
| Accommodation | |
| GIA 16,220 sq ft (1,507 sq m) 23’ eaves height | |
| WC | |
| Site area approximately 0.67 acre (29,500 sq ft) - taken from digital mapping | |
| Amenities include: Rear loading doors, 3-phase power. | |
| Lease Details | |
| Held on a ground lease expiring in December 2075 at a current ground rent of £25,000 p.a. subject to review in 2011 and 5 yearly thereafter. | |
| Note: We are informed that VAT is payable. | |
| Offered VACANT | |
| Contact: 020 8520 8383 | |
| Joint Auctioneer | J Freedman John Freedman & Co Tel: 020 7734 9651 |
| GUIDE PRICE: £225,000 - £250,000 | |
| Announcements |
| The site area is calculated from digital mapping. |
141 Bethnal Green Road, Bethnal Green, E2 (E2 7DG)
Location & Description |
| A four storey terraced property arranged as a ground floor shop and basement together with a three storey upper part within an established shopping parade on the north side of Bethnal Green Road (A1209) close to its junction with Brick Lane (B134) about ¼ mile east of Shoreditch High Street. |
| The area is very well served by public transport including Bethnal Green and |
| This vibrant area has benefited from considerable regeneration during the past few years and offers a variety of fashionable restaurants, bars and leisure amenities. |
| Accommodation |
| Ground Floor Shop and Basement: |
| Total area 1,232 sq ft (114.54 sq m) (Sourcer: VOA web site) |
| Having A4 use and let to M Islam T/A Bar Tequila for 21 years from 01.12.2001 at a rental of £24,000 p.a. with rent reviews every three years. |
| Note: A 999 year lease at a peppercorn rent on the shop/basement only was also created effective from 01.01.2005 |
| Upper Floors: (Not inspected, details supplied by seller) |
| With separate street access and arranged over 1st, 2nd and 3rd floors comprising five bed sitting rooms (each with wash hand basin and radiators) two kitchens, bathroom/WC and a shower room/WC. |
| Each room let on an AST at £100 per week. |
| Self contained top floor flat let on an AST at £170 per week. |
| Gas central heating system and intercom entry system. (Services not tested). |
| Subject to an HMO Licence (expired) and producing a rent of £34,840 p.a. |
| EQUIVALENT TO £58,840 p.a. |
| Contact: 020 8520 8383 |
| GUIDE PRICE: £550,000 - £600,000 |
| Announcements |
| The Shop and basement is let to Messrs Shah Miah & Salam Miah T/A Bar Tequila not M Islam as described in the catalogue. There is an extra special condition 4 regarding how the intermediate headlease can be dealt with by the buyer. |
177 New Kent Road, Southwark, SE1 (SE1 4AG)
 Location & Description | |
| A three storey mid terrace building forming part of a local parade comprising a ground floor cafe with separate front access to a self-contained upper part with seven individual bedsit rooms. On the north side of the A201 and within walking distance of the Elephant & Castle shopping centre as well as the Elephant & Castle underground (Bakerloo Line) and mainline stations, the property also has good road access to Tower Bridge which gives easy access to the city. | |
| Accommodation | |
| Ground Floor Cafe | |
| Total area approx 500 sq ft (46.4 sq m), kitchen, store, WC, 32 covers | |
| Let on a repairing and insuring lease to Mr Abdullah (t/a Cafe Reality) for a term of 19 years from 01.06.1996 at a rental of £10,400 p.a. exclusive. Rent review in 2011. | |
| Part Ground, First & Second Floor Upper Part | |
| Second Floor: 3 bedsit rooms, bathroom/WC | |
| First Floor: 4 bedsit rooms, bathroom/WC | |
| Ground Floor: Kitchen/Dining area | |
| At the time of printing we have been unable to view any legal documentation but are advised that three of the seven bedsits are let on ASTs for a term of 12 months from 01.09.2009 at a total equivalent combined rent of £15,600.12 p.a. | |
| EQUIVALENT TO £26,000.12 p.a. plus 4 VACANT bedsits | |
| Contact: 020 8520 8383 | |
| Joint Auctioneer | Field & Sons Tel: 020 7234 9639 Attn: Ian Lim Esq |
| GUIDE PRICE: £425,000 - £450,000 | |
| Announcements |
| The lessee on the ground floor shop is Ali Ergun. The special conditions have been amended because the sellers are offering both the freehold (177 New Kent Road) and the long lease of the first floor flat (177a ) at the Auction. Please see the NEW set which should also include a schedule of sub-tenancies. |
169 Union Street, Oldham, Lancashire (OL1 1TD)
 Location & Description |
A three storey mid-terraced building on the north side of |
Planning |
Outline planning permission has been granted by the Oldham Metropolitan Borough Council on 03.08.2007 under application No. PA/053332/07 for the erection of an eight storey building (plus basement) with a total projected floor area of approximately 17,197 sq ft (1597.6 sq m) to comprise 25 x 2 bed, 5 x 1 bed and 3 x retail units. |
The three year deadline may be extended by gaining approval for the reserved matters. The architects are in discussion with the local authority concerning the submission of a detailed planning application. For further information contact Hall Needham Associates (Ref: MB). Tel: 0161 688 1820. Copies of the outline plans and planning permission are available from the Auctioneers. |
Offered VACANT |
Contact: 020 7228 5864 |
GUIDE PRICE: £500,000 plus The Freehold interest in 167 Union Street is included in the sale which is subject to a long lease. The guide price is £500,000 - £600,000 |
315-317 Merton Road, Southfields, SW18 (SW18 5JS)
 Location & Description |
A roughly rectangular shaped site of approximately 2,232 sq ft (207 sq m) fronting Merton Road, close to the junction of Burr Road. Public transport includes nearby Southfields underground (District line) station. |
Planning |
A planning application has been submitted to the London Borough of Wandsworth in accordance with the Planning Officer’s advice for the erection of 9 x 1- bedroom live/work units. |
Prospective buyers must rely upon their own enquiries to the planning department of the London Borough of Wandsworth. Tel: 0208 871 8871 |
Offered VACANT |
Contact: 020 7228 5864 |
GUIDE PRICE: £300,000 plus |
Land at 624 Fulham Road, Fulham, SW6 (SW6 5RS)
Location & Description |
| A roughly rectangular shaped corner site on the north side of |
| Planning |
| The site is considered to have potential for a number of uses subject to obtaining all necessary consents. Prospective purchasers must rely on their own enquiries in this regard. Local planning authority; London Borough of Hammersmith & Fulham Tel: 020 8748 3020. |
| Total Site Area: 440 sq ft (41 sq m) approximately |
| Offered VACANT |
| Contact: 020 7228 5864 |
| GUIDE PRICE: £85,000 plus |
40 Lady Jane Walk, Scraptoft, Leicestershire (LE7 9FP)
 Location & Description |
| A purpose built ground floor flat forming part of a three storey building on a modern estate on the eastern outskirts of |
| Accommodation |
| We have been unable to gain access prior to printing, but we understand the property comprises: |
| 2 bedrooms, lounge with kitchen area, 2 bathrooms/WC |
| Lease Details |
| 125 years from 2006 at a ground rent of £250 p.a. (rising) |
| Tenancy Details |
| The whole property is subject to the occupation of a life tenancy. |
| Contact: 020 7228 5864 |
| GUIDE PRICE: £37,500 plus |
76 Dowdeswell Close, Putney, SW15 (SW15 5RL)
 Location & Description |
A two storey end of terrace house located within a cul-de-sac off |
Accommodation |
First Floor: 3 bedrooms, bathroom/WC |
Ground Floor: Reception room, kitchen/diner, cloakroom/WC |
Front and rear gardens |
Tenancy Details |
Let to Servite Housing Association on agreement for a term of 3 years at a current rent of £265 per week |
EQUIVALENT TO £13,870 p.a. |
Contact: 020 7228 5864 |
GUIDE PRICE: £250,000 plus |
11 Lydden Grove, Wandsworth, SW18 (SW18 4LJ)
 A portfolio of 11 freehold ground rent investments to be offered as separate lots as follows: |
| |
| Three flats each sold on lease for 99 years from 01.01.2006 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £1,800 p.a. GUIDE PRICE £18,000 plus |
| |
| Six flats each sold on lease for 99 years from 25.03.2006 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £3,000 p.a. GUIDE PRICE £30,000 plus |
| |
| Two flats each sold on lease for 99 years from 01.01.2006 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| |
| Four flats each sold on lease for 125 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Two flats each sold on lease for 99 years from 01.01.2007, one flat sold on lease for 125 years from 01.01.2007 and one flat sold on lease for 999 years from 01.01.2007 at a ground rent of £600 p.a. each (rising). |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Five flats each sold on lease for 99 years from 01.01.2007, one flat sold on lease for 99 years from 13.08.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £3,600 p.a. GUIDE PRICE £36,000 plus |
| |
| Seven flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a.each (rising). |
| EQUIVALENT TO £4,200 p.a. GUIDE PRICE £42,000 plus |
| |
| Four flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Two flats each sold on lease for 125 years from 24.06.2004 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| Lot 55: 11 Lydden Grove, Wandsworth SW18 4LJ |
| Two flats each sold on lease for 125 years from 24.06.2004 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| Lot 56: 10 |
| Four flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| Contact: 020 7228 5864 |
| Announcements |
| The guide price is £10,000 to £15,000. |
66 Killieser Avenue, Streatham, SW2 (SW2 4NT)
A portfolio of 11 freehold ground rent investments to be offered as separate lots as follows: |
| |
| Three flats each sold on lease for 99 years from 01.01.2006 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £1,800 p.a. GUIDE PRICE £18,000 plus |
| |
| Six flats each sold on lease for 99 years from 25.03.2006 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £3,000 p.a. GUIDE PRICE £30,000 plus |
| |
| Two flats each sold on lease for 99 years from 01.01.2006 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| |
| Four flats each sold on lease for 125 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Two flats each sold on lease for 99 years from 01.01.2007, one flat sold on lease for 125 years from 01.01.2007 and one flat sold on lease for 999 years from 01.01.2007 at a ground rent of £600 p.a. each (rising). |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Five flats each sold on lease for 99 years from 01.01.2007, one flat sold on lease for 99 years from 13.08.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £3,600 p.a. GUIDE PRICE £36,000 plus |
| |
| Seven flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a.each (rising). |
| EQUIVALENT TO £4,200 p.a. GUIDE PRICE £42,000 plus |
| |
| Four flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Two flats each sold on lease for 125 years from 24.06.2004 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| Lot 55: 11 Lydden Grove, Wandsworth SW18 4LJ |
| Two flats each sold on lease for 125 years from 24.06.2004 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| Lot 56: 10 |
| Four flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| Contact: 020 7228 5864 |
| Announcements |
| The guide price is £30,000 to £37,000. There is a Right To Manage company on this lot. |
69 Mitcham Lane, Streatham, SW16 (SW16 6LW)
 A portfolio of 11 freehold ground rent investments to be offered as separate lots as follows: |
| |
| Three flats each sold on lease for 99 years from 01.01.2006 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £1,800 p.a. GUIDE PRICE £18,000 plus |
| |
| Six flats each sold on lease for 99 years from 25.03.2006 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £3,000 p.a. GUIDE PRICE £30,000 plus |
| |
| Two flats each sold on lease for 99 years from 01.01.2006 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| |
| Four flats each sold on lease for 125 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Two flats each sold on lease for 99 years from 01.01.2007, one flat sold on lease for 125 years from 01.01.2007 and one flat sold on lease for 999 years from 01.01.2007 at a ground rent of £600 p.a. each (rising). |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Five flats each sold on lease for 99 years from 01.01.2007, one flat sold on lease for 99 years from 13.08.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £3,600 p.a. GUIDE PRICE £36,000 plus |
| |
| Seven flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a.each (rising). |
| EQUIVALENT TO £4,200 p.a. GUIDE PRICE £42,000 plus |
| |
| Four flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| |
| Two flats each sold on lease for 125 years from 24.06.2004 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| Lot 55: 11 Lydden Grove, Wandsworth SW18 4LJ |
| Two flats each sold on lease for 125 years from 24.06.2004 at a ground rent of £500 p.a. each (rising) |
| EQUIVALENT TO £1,000 p.a. GUIDE PRICE £10,000 plus |
| Lot 56: 10 |
| Four flats each sold on lease for 99 years from 01.01.2007 at a ground rent of £600 p.a. each (rising) |
| EQUIVALENT TO £2,400 p.a. GUIDE PRICE £24,000 plus |
| Contact: 020 7228 5864 |
| Announcements |
| The gide price is £55,000 to £65,000. |
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