Land for sale in Hammersmith Grove, London W6

Summary
auction sale 30 July 2024 - Freehold Ground Rent Investment,
Significant Reversionary Value,
Two Flats 47 yrs and One Flat 64 yrs Unexpired,

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Description

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.
There are revised special conditions of sale for this lot, copies of which are available from the Auctioneers website and a copy will be attached to the contract
Also uploaded was the "Transfer" & "Service Charge Accounts" on 23rd July.

Freehold Ground Rent Investment
Significant Reversionary Value
Two Flats 47 yrs and One Flat 64 yrs Unexpired

The property comprises this mid-terrace building in the very popular Brackenbury Village area of Hammersmith. The building is arranged to provide five selfcontained flats all of which are sold on long leases with two flats having 47 years unexpired on their leases and one flat with 64 years unexpired.

Notices:
Notices have been served under Section 5 of the Landlord and Tenant Act 1987 and the leaseholders have not reserved their rights under this notice.

Flat 1 - Garden Flat
Lease Term: 99 years from 29/09/1972
Ground Rent per annum: £50.00 (rising)
Notes: Reversion in approx. 47 years

Flat 2 - Ground Floor Flat
Lease Term: 189 years from 29/09/1972
Ground Rent per annum: Peppercorn

Ground Floor Studio Flat
Lease Term: 99 years from 16/03/1989
Ground Rent per annum: £25.00
Note: Reversion in approx. 64 years

First Floor Flat
Lease Term: 189 years from 24/06/1991
Ground Rent per annum: Peppercorn

Flat 4 - Second Floor Flat
Lease Term: 99 years from 29/09/1972
Ground Rent per annum: £163.00 (rising)
Notes: Reversion in approx. 47 years

Note:
The freeholder has appointed managing agents to manage and insure the building with costs recovered from the leaseholders via service charge.

Note 2 :
The ground rent for the top floor flat rises by 50 pence per annum for every £100 that the sale price of the flat exceeds £37,950 on each assignment

Total Ground Rent Reserved:
£238 per annum.

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.

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.