119 and 119A, North View Road, LONDON, London, N8 7LP

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.
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
Significant Reversionary Value
Lease Expiries in 47 and 83 years.

The property comprises this mid terrace building arranged as two selfcontained flats. Each flat is sold on a long lease with the upper floor flat having approximately 47 years remaining on the lease and the ground floor flat having approximately 83 years remaining on the lease.

The First Floor Flat (No 119A) is sold on a lease for a term of 99 years from 29/09/1972 thus having approximately 47 years unexpired therefore offering the freeholder a valuable reversion or lease renewal opportunity. The current ground rent is £40.00 per annum. The ground floor flat (No 119) is sold on a lease for a term of 125 years from 24/06/1982 thus having approximately 83 years unexpired therefore offering the freeholder a valuable reversion or lease renewal opportunity. The current ground rent is £40.00 per annum.

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.

Total Ground Rent:
£80.00 pa




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.