Lot 9 - 11 Fairfield Road, Crouch End, N8 9HG
 
 

About the property

Freehold Investment

In Same Ownership for Approximately 25 Years

London Borough of Haringey

Situated at the corner of Aubrey Road, in a popular residential area close to the local shopping/travelling facilities of Crouch End.

A Double Fronted End of Terrace Corner House converted to comprise Five Self-Contained Flats and a Loft Space arranged as follows:

Flat 2
•Living Room
•Bedroom
•Kitchen
•Bathroom/WC

Gas-fired central heating (system not tested) 

Let on a Regulated Tenancy paying a registered rent of £886 per calendar month (effective date:8th May 2018).

The Garden Flat and Flats 1, 3 and 4 are each on lease for a term of 125 years from 29th September 1993 at a ground rent of £125 per annum. The ground rents on each of these flats increases by £125 every 25 years. The Loft Space is on lease from 16th May 2013 to 28th September 2118 at a ground rent of £1 per annum. 

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 rights of first refusal. 

Producing £11,633 per annum

Inspection: By arrangement with the Auctioneers

£260,000
Result
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The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

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