Land For Sale £525,000
St Johns Court, Finchley Road, South Hampstead

TO BE SOLD BY ONLINE AUCTION AS LOT 26 ON THURSDAY 6 JUL 2023 - Headlease Ground Rent and Porters Flat Investment

In Same Ownership for Approximately 36 Years

London Borough of Camden

Conveniently situated between Goldhurst Terrace and Canfield Gardens in this sought after area, close to a good range of shops and travelling facilities including Finchley Road Underground Station (Jubilee and Metropolitan Lines) and South Hampstead Overground Station.

The property comprises a Head Leasehold Ground Rent Investment amounting to £7,450 per annum secured upon 94 Flats.

Head Leasehold. The property is held on a lease for a term of 125 years less 3 days from 25th December 1981 (thus having approximately 83 years unexpired) at a current ground rent of £1,509 per annum.

Flat 8 (Porter’s Flat of approx 579 sq ft) with accommodation comprising:

• Entrance Hall
• Reception Room
• Bedroom
• Kitchen
• Bathroom/WC

Let on an Assured Shorthold Tenancy at £1,853.02 per calendar month. (Equivalent to £22,236.24 per annum).

Note: There are currently 57 Flats with approximately 84 years remaining on the leases. A Full Ground Rent Schedule is available within the Legal Pack.

Producing £28,177.24 per annum