1-18, Dunleary Close, HOUNSLOW, Middlesex, TW4 5NL

IMPORTANT ANNOUNCEMENT UPLOADED
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK.
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” on the Legal Docs.
LOT 48 – 1-8 DUNLEARY CLOSE, HOUNSLOW, MIDDLESEX
Clause 5.2 of the special conditions of sale has been amended to read as follows:
5.2 The Buyer is deemed to have full knowledge of the matters referred to in clause 5.1 and will not raise any enquiry, objection, requisition or claim in respect of any of them.
A revised copy has been uploaded to the Auctioneers website.

COMPANY LIQUIDATION SALE
Freehold Ground Rent Investment
Secured on 18 Flats, Garages and Sub-Station
Ground Rents Reserved £4,741.15 per annum.
Valuable Reversions from 37 years (see note 2)

The property comprises a portfolio of 18 self-contained purpose built maisonettes, garages and a sub- station all of which, except two garages (see note) have been sold on leases for various terms as per the schedule shown within these details.

Notices have been served under Section 5 of the Landlord and Tenant Act 1987 the leaseholders have NOT RESERVED THEIR RIGHTS UNDER THIS NOTICE.

Note:
The freeholder has appointed managing agents to manage and insure the building with costs recovered from the leaseholders via service charge.

Note 1:
Garages 1 and 11 do not appear on any leasehold titles but are included in the Freehold. The sale includes these garages but subject to any claims a 3rd party may make at any time.

Note 2:
In respect to flats 6 and 11, valuable reversions are available within approx.38 years. Whilst buyers are deemed to rely solely on their own enquiries, the most recent lease renewal/ extensions were concluded in
2022. The premium paid to the freeholder in respect to Flat 2 with garage 6 was £83,500 and for Flat 13 with garage 10 the premium paid to the freeholder was £90,257.

Schedule:
Flat 1 with garage no. 5
Lease: Renewed/extended leases from 16/09/2020 expiring 2152
Ground Rent PA: £250
Note: Ground rent doubles every 25 years.

Flat 2 with garage no. 6
Lease: Renewed/extended lease now for 189 years from 25/03/1963
Ground Rent PA: Peppercorn

Flat 3 with garage no. 2
Lease: Renewed/extended lease now for 186 years from 25/03/1963
Ground Rent PA: £253.15
Note: Ground rent for flat rises to £300pa in January 2025 and increases by £50 per annum every 25 years.

Flat 4 with garage no. 4
Lease: Renewed/extended leases expiring 2152 and 2153
Ground Rent PA: £1,050
Note: Ground rent increases by £350 per annum every 25 years from 2038

Flat 5
Lease: Renewed lease for 140 years from 15/07/2013
Ground Rent PA: Peppercorn

Flat 6
Lease: 99 years from 24/06/1963 – expires 2062 – circa 38 years
Ground Rent PA: £15.75
Note: Valuable Reversion in 38 years

Flat 7 with garage no. 8
Lease: Renewed/extended lease now for 186 years from 25/03/1963
Ground Rent: £253.15
Note: Ground rent for flat rises to £300pa in March 2025 and increases by £50 per annum every 25 years.

Flat 8 with garage no. 7
Lease: Renewed/extended lease now for 186 years from 25/03/1963 (flat) and 24/06/1964 (garage)
Ground Rent PA: £253.15
Note: Ground rent for flat rises to £300pa in December 2024.

Flat 9 with garage no. 9
Lease: Renewed/extended lease now for 189 years from 25/03/1963
Ground Rent PA: Peppercorn

Flat 10 with garage no. 13
Lease: Renewed/extended lease now for 972 years from 25/03/1990
Ground Rent PA: £250
Note: Ground rent rises 2056.

Flat 11
Lease: 99 years from 29/09/1963 – expires 2062 – circa 38 years
Ground Rent PA: £15.75
Note: Valuable Reversion in 38 years.

Flat 12 with garage no. 14
Lease: Renewed lease for 140 years from 17/05/2013
Ground Rent PA: £250
Note: Ground rent rises to £500 pa May 2038 and by an additional £250 pa every 25 years thereafter.

Flat 13 with garage no. 10
Lease: Renewed/extended lease now for 189 years from 25/03/1963
Ground Rent PA: Peppercorn

Flat 14
Lease: Renewed/extended lease now for 187 years from 25/03/1963
Ground Rent PA: £250
Note: Ground rent rises to £300pa in October 2024 and increases by £50pa every 25 years thereafter.

Flat 15
Lease: Renewed/extended lease now for 999 years from 25/03/1963
Ground Rent PA: £150
Notes: Ground rent rises to £200pa December 2073

Flat 16
Lease: Renewed/extended lease now for 187 years from 29/09/1962
Ground Rent PA: £250
Note: Ground rent rises to £300 pa Dec 2024 and increases by £50 pa every 25 years thereafter

Flat 17 with garage no 17
Lease: Renewed/extended lease now for 189 years from 25/12/1962
Ground Rent PA: £350
Note: Ground rent increases every 25 years from June 2042

Flat 18 with garage no. 18
Lease: Renewed/extended leases expiring 2097 and 2101
Ground Rent PA: £1,050
Note: Ground rent rises Nov 2037 and 2039. Valuable Reversion in 73 years.

Garage 3
Lease: 99 years from 24/06/1964
Ground Rent PA: £3.15
Note: Valuable Reversion in 39 years

Garage 12
Lease: 99 years from 24/06/1964
Ground Rent PA: £3.15
Note: Valuable Reversion in 39 years

Garage 15
Lease: 99 years from 25/12/1962
Ground Rent PA: £15.75
Note: Valuable Reversion in 37 years

Garage 16
Lease: 999 years from 25/03/1963
Ground Rent PA: £75
Note: Ground rent rises to £100 pa March 2043

Garage 1 and 11: See Note above.

Electricity Sub Station
Lease: 99 years from 24/06/1962
Ground Rent PA: £3.15
Note: Valuable Reversion in 37 years