LOT 25

132 Sutherland Avenue, Maida Vale, W9 1HP

FREEHOLD RESIDENTIAL INVESTMENT COMPRISING 8 FLATS - 2 LET ON ASTS AND 6 GROUND RENTS, 3 WITH 61 YEARS UNEXPIRED

Result: Sold for £801,000 Guide price: £730,000 plus*

Auction Date

Thursday, 29th October 2020 12:00pm

By order of B Tobin & P Joseph of Strettons as LPA Receivers

A substantial end of terrace 5 storey period building comprising 8 self-contained flats on the north side of Sutherland Avenue on the corner with Castellain Road in a conservation area within walking distance of Maida Vale and Warwick Avenue underground stations (Bakerloo line). Shopping and recreational amenities are close by and the rear of the building overlooks communal gardens of Nos 132 to 188 Sutherland Avenue.

Accommodation

Flats D & F
Each comprise reception room, open plan kitchen, bedroom, bathroom/toilet.
D is subject to an AST for 1 year from 01/11/2016 at £1,200 pcm (holding over).
F is subject to an AST for 1 year from 01/05/2019 at £1,350 pcm (holding over).
Copies of the agreements will be in the legal pack but no warranty is given regarding the occupancies/occupants.

A,B &E: Each sold on leases for 99 years from 25.03.1982 - 61 years unexpired
C & Basement : Each sold on leases for 189 years from 25.03.1982 -151 years unexpired
G: Sold on lease for 125 years from 09.06.2011 - 116 years unexpired
A garage is demised with the basement flat and flat A

EQUIVALENT TO £30,600 P.A. PLUS GROUND RENT INCOME FROM 6 FLATS, 3 OF WHICH HAVE ABOUT 61 YEARS UNEXPIRED

EPC Rating

D - On application
F - C

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407

Status

Sold for £801,000

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.