Lot 9 - 42 St. Loy's Road, London, N17 6UD

  • Unconditional Online Auction Sale
  • Guide Price* : £325,000 plus

Addendum

There has been recent correspondence with Pangold Properties Limited to the Auctioneers and copies of the same and the Seller’s Solicitors response is contained within the Legal Pack

  • *3 bedroom mid-terrace
  • * Understood to be tenanted.
  • Convenient Location

ON BEHALF OF COURT APPOINTED RECEIVER: Mid-terrace 3 bedroom property understood to be tenanted *

Description

The property comprises an assumed 3 bedroom mid-terrace house . *Neither ourselves or the Seller have inspected internally. It is sold subject to any tenancy, or other form of occupation that exists and we understand from the Receiver that the defendant has informed them that the property is tenanted, but no copy tenancy, or rent details were provided. The Receiver cannot verify this information and interested parties should rely on their own enquiries.

Location

St Loy's Road is convenient for the High Road (A10) in Tottenham and transport links, with bus routes running along the A10 and Bruce Grove overground station within 200 metres of the property.

Tenure

Freehold.

Accommodation

*We were unusable to inspect internally. Based upon surrounding properties we understand it is likely to a 3 bedroom property but interested parties should rely on their own enquiries.

Outside

Front forecourt and rear yard.

Tenancies

The Receivers are not managing the property. The defendant has informed them that the property is tenanted but no copy tenancy, or rent details were provided.

EPC

Energy Asset Rating TBC - see special conditions.

Council Tax Band

D

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.here are outstanding applications for permission to appeal the Enforcement Receivership
Order (ERO) which have been made pursuant to section 64 of the Proceeds of Crime Act 2002. We are not aware that a decision has been made by the Court as to whether leave to appeal has been granted nor do we have an indication of when any decision will be made. Please note, the applications do not act as a stay of the ERO in accordance with rule 42.18 of the Criminal Procedure Rules and the Enforcement Receiver therefore has the power to sell the properties and give good title. There are outstanding applications for permission to appeal the Variation Order dated 20 April
2023 which have been made pursuant to section 64 of the Proceeds of Crime Act 2002. We are not aware that a decision has been made by the Court as to whether leave to appeal has been
granted nor do we have an indication of when any decision will be made. Please note, the applications do not act as a stay of the Variation Order in accordance with rule 42.18 of the Criminal Procedure Rules and the Enforcement Receiver therefore has the power to sell the property and give good title. There is an outstanding application for permission to appeal an Order dated 20 February 2023 of Mr Justice Leech (“the February 2023 Order”). The February 2023 Order dismissed an application to bring proceedings against a connected party, Pangold Investments Limited (in
Liquidation), pursuant to section 130 of the Insolvency Act 1986 which refers to rights alleged to affect the property. We are not aware that a decision has been made by the Court as to whether
leave to appeal has been granted nor do we have an indication of when any decision will be made. Please note, (i) the Enforcement Receiver is not a party to the February 2023 Order or the
application for permission to appeal (ii) the application for permission to appeal does not act as a stay of the February 2023 Order in accordance with rule 52.16 of the Civil Procedure Rules and (iii)
the application does not affect the Enforcement Receiver’s ability to sell the property and give good title.

2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

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

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James Ashworth
0161 967 0122
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