Greenbanks, Cavendish Avenue, HARROW, Middlesex, HA1 3RE

THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT (AS BELOW) THIS HAS ALSO BEEN ADDED TO THE LEGAL PACK.

By Order of the Executors.
The negotiator dealing with this Lot is Brian Grante and he can be contacted by email: brian.grante@barnardmarcus.co.uk

IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.

Announcement
Please see the “ANNOUNCEMENT” (V3) on the Legal Docs. (Updated 10th March)
Flat 1 is let for 999 years from 1980 at a peppercorn rent
Flats 3 and 4 have approx 56 years remaining at the point of completion (not 57) as stated in the particulars of sale.
Flats 6 and 7 have extended leases (completed 9/3/23) for 999 years from 1980 at a peppercorn ground rent
Total Ground Rent – changed to £660pa (rising)
Total Rent Reserved – changed to £13,740pa
There is a revised full schedule of leases and rents in the legal pack (under Misc)
There are revised special conditions of sale for this lot copies of which are available from the Auctioneers website and a copy will be attached to the contract.
Please note: Updated “Misc Part 9” and “Lease” was uploaded on 10th March.

First time on the market in over 50 years
Freehold Ground Rents (11 flats sold on leases) with one flat available (let), six garages (vacant) and roof space with development potential
Potential for 2 large penthouse flats or alternative scheme (subject to consents)
Investment (including one flat let and 6 garages vacant)

Description:
A substantial block of flats (arranged over ground, first and second floors and build as two cores) with 11 flats sold on long leases, one flat let on a tenancy, 6 vacant garages to the rear and a roof space offering development potential.

Accommodation:
Flats 1-12 (excluding flat 11)
Accommodation: 11 x 2 bed flats
Lease/Tenancy: Sold on leases for varying terms– refer to schedule within the legal pack
Flats 3 and 4 – reversionary values with 99 years leases from 25/03/1980 (approx 56 years remaining).
Rent: £960pa Ground Rent

Flat 11 - Second floor
Accommodation: Two bedrooms, reception room, kitchen, bathroom/WC
Lease/Tenancy: AST from 2012 at a rent of £1090pcm
EPC Rating: D
Rent: £13,080pa

To view (Flat 11): Thu 9/3 at 4pm

Roof Space - Flat roof
Development potential

Garages 1-6 - Rear block of 6 garages (Vacant)

Potential:
Proposed scheme for a mansard/roof space development for an additional two x 2 bed penthouse style apartments of approximately 85m2 each or alternatively 4 smaller 1 bed flats or development of garages– subject to consents and purchasers to rely upon their own enquiries in this respect

Tenure:
Freehold

Rent reserved:
£14,040 (with 6 garages vacant and some ground rents rising)

To view (Flat 11- second floor): Thu 9/3 at 4pm





Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.