AUCTION - Barnett Ross
AUCTION - Barnett Ross
AUCTION - Barnett Ross
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LOT<br />
25<br />
Flats 1–12 Colston Court<br />
West Street, Carshalton<br />
Surrey SM5 2QB<br />
Reserve Below<br />
£80,000<br />
Photograph taken September 2009<br />
6 WEEK COMPLETION<br />
SITUATION<br />
Located opposite West Street Lane near to St Mary’s<br />
Infants School within this pretty residential area near to<br />
Carshalton Railway Station.<br />
PROPERTY<br />
A purpose built block comprising 12 Self Contained Flats<br />
arranged over Ground, First and Second floors.<br />
VAT is NOT payable in respect of this Lot<br />
FREEHOLD<br />
Note 1: In accordance with S.5B of the Landlord &<br />
Tenant Act 1987, Notices were served on the lessees<br />
and they have not reserved their rights of first refusal.<br />
This lot cannot be sold prior to auction.<br />
Note 2: Freeholder manages and insures. Current<br />
management Fee £1,440 pa. Current sum insured<br />
£1,304,494. Current premium £2,056.63.<br />
TENANCIES & ACCOMMODATION<br />
Property Lessee Term Ann. Excl. Rental Remarks<br />
Flats 4, 5, 6, 7, 9,<br />
11 & 12<br />
(7 Flats)<br />
Various<br />
Each 99 years from<br />
25th March 1978<br />
£490<br />
Each FRI by way of service charge.<br />
Rents rise to £980 pa in 2028 and £1,960 in 2063<br />
Valuable Reversions in approx 67 1 ⁄2 years.<br />
Flats 1, 3, 8 & 10<br />
(4 Flats)<br />
Various<br />
Each 99 years from<br />
25th March 2002<br />
£550<br />
FRI by way of service charge.<br />
Rents rise to £750 pa in 2025, £1,000 pa in 2027 with<br />
further reviews thereafter<br />
Flat 2<br />
(1 Flat)<br />
Individual<br />
99 years from<br />
25th March 2007 £250<br />
FRI by way of service charge.<br />
Rent doubles every 20 years<br />
The Surveyors dealing with this property are<br />
JOHN BARNETT and NICHOLAS BORD<br />
TOTAL<br />
£1,290 per annum with<br />
7 Valuable Reversions<br />
in Approx 67 1 ⁄2 Years.<br />
£1,290<br />
rising to £2,480<br />
in 2028<br />
VENDOR’S SOLICITORS<br />
Macrory Ward, 27 Station Road, New Barnet, Herts EN5 1PW,<br />
Tel: 020 8440 3258. Ref: Ms Martina Ward<br />
FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE<br />
The successful Buyer will be liable to pay the Auctioneers an administration<br />
fee of £250 (including VAT) upon exchange of contracts<br />
37
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