4 Windermere Court, Wembley, Middlesex, HA9 8SN

Guide Price* : £180,000

Upon Instructions of

Trustees in Bankruptcy

  • Two bedroom flat
  • Desirable residential location
  • let on an AST producing £10,717 per annum
  • Significant opportunity to increase rental income
  • Leasehold (circa 59 years unexpired)
  • Guide price of £180,000 reflects a gross yield of 6.0%

Description

The property comprises a first floor, two bedroom flat acessed at ground floor level. The flat is fitted to a modern specification and features a balcony overlooking the rear garden.

The property is set within a desirable residential area and is suitable for young families and professional sharers.

Location

The property is situated at the junction of Grasmere Avenue and Windemere Avenue, two quiet and desirable residential streets to the north west of Wembley. The area is characterised by a mix of semi detached housing and flats.

The property is extremely well connected to public transport links, with Northwick Park, Kenton, South Kenton and Preston Road Stations all within walking distance. The property is also in close proximity to the retail and leisure amenities of Wembley and Harrow.

Tenure

Leasehold - 99 years from 25/03/1980 at an initial ground rent of £75 per annum

Tenancy

The property is let on an Assured Shorthold Tenancy from 1/12/2013 (holding over) producing a rent of £10,717 per annum

Note

The vendor is willing to serve a Section 42 Notice to extend the leasehold interest between exchange and completion. This Notice will then be assigned to the successful purchaser. The purchaser will undertake to cover all costs and fees associated with the service of this Notice.

Bidder AML Requirements

For clarification, before being approved to bid, we require the following from all bidders, the documents must be certified by a solicitor who is a member of the law society and be sent from the certifiers e-mail to max@574.co.uk:

• Certified copies of Government issued ID –provided by the certifying solicitor
• Proof of address from within the last three months – provided by the certifying solicitor

The certification must comply with HMRC requirements:
• a statement that the document is “Certified to be a true copy of the original seen by me” and where appropriate, “This is a true likeness of the person” from a person who is competent at document inspection and impostor detection, such as a person from a regulated industry or in a position of trust
• an official stamp of the person certifying and indication of professional status
• been signed and dated with a printed name
• the occupation and address or telephone number

If bidding as a company we will require confirmation of the company name and number and documentation from all persons with significant control.

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£150,000


Bidding Opens On
22nd Jul 2020 12:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Max Mason
07917 865 212

Vendor

Trustees in Bankruptcy

Legal Documents

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton July 2020

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.