Lot 6 - 22 Churchill Court, Newmarket Avenue, Northolt, Middlesex, UB5 4EP
- Unconditional Online Auction Sale
- Guide Price* : £145,000 plus
- Residential Investment
- Annual equivalent gross income £15,000
- Two bedroom third floor flat
ON BEHALF OF THE COURT APPOINTED RECEIVER: Residential investment comprising a third floor 2 bedroom flat let at £1250 per month (£15,000 gross annual equivalent)
Description
The property comprises a third floor two bedroom flat, within a purpose built block. It will be sold with a tenant in situ who occupies under the terms of an AST at a monthly rent of £1250. Windows are uPVC units and central heating is provided. The property benefits from a balcony accessed off the kitchen.
Location
The property lies in a residential area within Northolt, within the London Borough of Ealing. Road communication links are good, with the town lying just to the north of the A40, with the intersection of the M40 and M25 motorway approximately 6.5 miles to the west. Northolt Underground Station, proving access to the Central line is 0.5 mile to the south and Northolt Park train station just over 0.25 mile to the north. Local bus routes can be accessed from Newmarket Avenue.
Tenure
Leasehold for a term of 130 years from 1 January 1981, at a ground rent of £10 per annum. Service charge is to be confirmed and please refer to the Legal Pack once available.
Accommodation
The property extends to a total of 58.89 sq. m (634 sq. ft):
Hallway, two double bedrooms, bathroom, lounge and kitchen, with a small balcony.
Outside
Car parking area to the outside of the block which are assumed to be shared and for the benefit if residents, plus on street parking.
Tenancies
The property is occupied under the terms of an AST for a period of 6 months from 1st February 2022 at a monthly rent of £1250, i.e., an annual equivalent gross income of £15,000.
EPC
Energy Asset Rating is C.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. 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.
2. 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.
3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.
* 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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