Embassy Court, 76, Kenton Road, HARROW, Middlesex, HA3 8BB
18th April 2023
starts 09:15 AM at Grand Connaught Rooms
starts 09:15 AM at Grand Connaught Rooms
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sold for
£82,000
See details for terms of leases.
!
The negotiator dealing with this Lot is Thomas Mason and he can be contacted by email: thomas.mason@barnardmarcus.co.uk
Freehold reversionary ground rent investment
Secured upon a three storey block of six selfcontained flats
Reversionary value on two flats
Location:
The property is situated on Kenton Road (A4006). Public transport links are very well provided with Kenton Railway Station (Overground and Bakerloo Line) within very close proximity together with Northwick Park
London Underground Station (Metropolitan Line) and a network of local bus services. Shopping amenities can be found locally within Harrow Town Centre. Local recreational pursuits include Northwick Park and Kenton Recreation Ground.
Flat 1 with Garage - Ground floor
Lease Term: 215 years from 25th March 1971 - Approx 163 years remaining
Current Ground Rent: Nil
Flat 2 with Garage - Ground Floor
Lease Term: 125 years from 25th March 1971 - Approx 73 years remaining
Current Ground Rent: £100 per annum (rising)
Flat 3 with Garage - First Floor
Lease Term: 215 years from 25th March 1971 - Approx 163 years remaining
Current Ground Rent: Nil
Flat 4 with Garage - First Floor
Lease Term: 999 years from 25th March 1971 - Approx 947 years remaining
Current Ground Rent: Nil
Flat 5 with Garage - Second Floor
Lease Term: 99 years from 25th March 1971 - Approx 47 years remaining
Current Ground Rent: £20 per annum
Flat 6 with Garage - Second Floor
Lease Term: 99 years from 25th March 1971 - Approx 47 years remaining
Current Ground Rent: £25 per annum
Description:
Freehold reversionary ground rent investment secured upon a three storey block of 6x self-contained flats. The current overall ground rent produced is £145 per annum (subject to rise) together with the considerable reversionary value of flats 2, 5 and 6.
Current ground rent reserved:
£145 pa (rising) - together with considerable reversionary interest
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.
Secured upon a three storey block of six selfcontained flats
Reversionary value on two flats
Location:
The property is situated on Kenton Road (A4006). Public transport links are very well provided with Kenton Railway Station (Overground and Bakerloo Line) within very close proximity together with Northwick Park
London Underground Station (Metropolitan Line) and a network of local bus services. Shopping amenities can be found locally within Harrow Town Centre. Local recreational pursuits include Northwick Park and Kenton Recreation Ground.
Flat 1 with Garage - Ground floor
Lease Term: 215 years from 25th March 1971 - Approx 163 years remaining
Current Ground Rent: Nil
Flat 2 with Garage - Ground Floor
Lease Term: 125 years from 25th March 1971 - Approx 73 years remaining
Current Ground Rent: £100 per annum (rising)
Flat 3 with Garage - First Floor
Lease Term: 215 years from 25th March 1971 - Approx 163 years remaining
Current Ground Rent: Nil
Flat 4 with Garage - First Floor
Lease Term: 999 years from 25th March 1971 - Approx 947 years remaining
Current Ground Rent: Nil
Flat 5 with Garage - Second Floor
Lease Term: 99 years from 25th March 1971 - Approx 47 years remaining
Current Ground Rent: £20 per annum
Flat 6 with Garage - Second Floor
Lease Term: 99 years from 25th March 1971 - Approx 47 years remaining
Current Ground Rent: £25 per annum
Description:
Freehold reversionary ground rent investment secured upon a three storey block of 6x self-contained flats. The current overall ground rent produced is £145 per annum (subject to rise) together with the considerable reversionary value of flats 2, 5 and 6.
Current ground rent reserved:
£145 pa (rising) - together with considerable reversionary interest
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.
Council Tax Band: A
Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.
lot infomation last updated: 17th May 2023 at 10:54 AM
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