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13/6/2024

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FREEHOLD INVESTMENT OPPORTUNITY WITH TWO VACANT FLATS

Lot 48

187 The Broadway Incorporating 4 & 4A Parade Terrace, West Hendon Broadway, London NW9 7DU

Photo of 187 The Broadway Incorporating 4 & 4A Parade Terrace, West Hendon Broadway, London NW9 7DU
Sold Prior

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FREEHOLD INVESTMENT OPPORTUNITY WITH TWO VACANT FLATS

Lot 48

This substantial freehold building comprises of a ground floor lock up shop unit with three flats above. The shop premises have been sold off on a long lease with a peppercorn ground rent, as has the first floor flat that has been sold off on a long lease of 99 years from 1986 at a fixed ground rent of 50pa. The other two flats offer spacious accommodation and require a certain amount of updating and modernisation. These two flats are offered with full vacant possession will be of interest to investment buyers and due to the rear access may be more suitable to cash purchasers. The property is well located amongst a variety of local traders and within easy reach of Brent Cross shopping centre, the A406 North Circular Road and the M1 Motorway.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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