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Land For Sale £140,000
Finchley Road, London NW11


Description

To be sold by online auction as lot 31 on Thursday 2 Dec 2021
- Freehold Ground Rents, Land and Roof Spaces

London Borough of Barnet

Situated between Willifield Way and Childs Way, close to the shopping/travelling facilities of Temple Fortune. Further shopping and travelling facilities can be found at Golders Green including Golders Green Tube Station (Northern Line).

Freehold Ground Rents amounting to £8,700 per annum doubling every 25 years derived from Forty One Flats, Two Store Rooms and One Parking Space each on leases for a term of 125 years from 23rd March 2003.

Note 1: The next review of the ground rents will be in 2028 where the ground rent income will double.

Note 2: Forty Flats currently pay £200 per annum, one Flat (14A) currently pays £100 per annum, Two Store Rooms currently pay £200 per annum and one Parking Space currently pays £200 per annum. Other parking spaces have not been marked out or charged for.

There are four existing large Tank Rooms at Third Floor Level with staircases leading to them which may offer potential for development subject to obtaining all necessary planning consents. (Plan available online).

There is a separate/unencumbered plot of land at side fronting Willifields Way and additional land on some of the garden area immediately off Crispin Mews There is an outstanding Planning Application for the land to be used for car parking/electricity charging points and two parking spaces to be formed at the top end of Crispin Mews on what is currently grass area there.

In accordance with Section 5(B) of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have not reserved their right of first refusal.

Inspection: On Site

Follow the link for more information:
        
zoopla.co.uk

  
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