Lot 46

4 Leconfield Road, London, N5 2SN

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  4. Lot 46 - 4 Leconfield Road, London, N5 2SN
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Lot 46
4 Leconfield Road, London, N5 2SN
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Legal documents

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Legal documents

You are advised to download and read the legal documentation prior to bidding.

Log in to view legal documents

A Substantial Terraced Freehold Investment Building arranged as Six Self-Contained Studio Flats

Description

In The Same Ownership For Approximately 19 Years

London Borough of Islington

Located off Petherton Road in a popular residential area close to local shopping/travelling facilities including Canonbury Overground Station and Highbury & Islington Underground Station (Victoria Line). Clissold Park and Highbury Fields are also nearby.

A Substantial Freehold Double Fronted Terraced House arranged as Six Self-Contained Studio Flats arranged on Three Floors comprising:

Flat 7 (First Floor)
• Studio Room/Kitchen
• Shower/WC

Let on an Assured Shorthold Tenancy Agreement from the 20th April 2021 with a rental income of £1,250 paid every four weeks.

EPC Rating: D

Flat 8 (First Floor)
• Studio Room
• Kitchen
• Shower/WC

Let on an Assured Shorthold Tenancy Agreement from the 28th February 2018 with a rental income of £800 per calendar month.

EPC Rating: E

Flat 9 (Raised Ground Floor)
• Studio Room/Kitchen
• Shower/WC

Let on an Assured Shorthold Tenancy Agreement from the 27th October 2021 with a rental income of £700 per calendar month.

EPC Rating: E

Flat 10 (Raised Ground Floor)
• Studio Room/Kitchen
• Bedroom
• Shower/WC

Let on an Assured Shorthold Tenancy Agreement from the 22nd March 2021 with a rental income of £1,250 paid every four weeks.

EPC Rating: E

Flat 11 (Lower Ground Floor)
• Studio Room/Kitchen
• Shower/WC

Let on an Assured Shorthold Tenancy Agreement from the 1st August 2021 with a rental income of £700 per calendar month.

EPC Rating: E

Producing £75,540.00 per annum

Inspection: By arrangement with the Auctioneers

Flat 12 (Lower Ground Floor)
• Studio Room/Kitchen
• Bedroom
• Shower/WC

Let on an Assured Shorthold Tenancy Agreement from the 27th April 2021 with a rental income of £1,280 paid every four weeks.

Sole Use Of Rear Garden

EPC Rating: E

Important Information

Each successful bidder will be required to pay the Auctioneers McHugh & Co., a non-refundable buyer's fee of £1,200 inclusive of VAT. Lots sold for less than £10,000 the buyer’s fee will be £300 inclusive of VAT. 
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale. Buyers are deemed to bid in full knowledge of this.
Each lot is sold in its actual condition and state of repair and the buyer shall be deemed to have surveyed and inspected the lot prior to the auction. For the avoidance of doubt, purchasers shall raise no objection or recourse to McHugh & Co as to the structure or condition of a property and its state of repair. McHugh & Co give no warranty or guarantee as to the structure, condition or issues of a property. This is in reference to (a) the state of the structure of any property or the working condition of any fixtures, fittings, heating systems, appliances or other items included in the sale of any property and (b) the type of the structure or whether such structure is adequate or property constructed. For purchasers requiring funding by mortgage or other means, they are advised to organise this in advance of the auction and shall raise no objection or recourse to McHugh & Co over whether a property is suitable for their lenders criteria.
The successful bidder is under a Binding contract as soon as the Auctioneer's electronic gavel falls on his/her Bid. Upon a successful bid, the bidder’s card will be automatically debited for the bidder security amount, which is considered as a whole or contribution towards the deposit. The bidder security amount is non-refundable upon a successful bid. The bidder/purchaser will be required to pay the balance for the 10% deposit of the purchase price subject to a minimum deposit of £5,000 whichever is greater and buyers fee within 24 hours of the auction date. The completion date is set usually within 20 working days of the auction date. The timeframe for completion on individual lots may vary, please read the special conditions of sale within the legal documentation.
Guides 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. Each 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. Guide prices will be continually updated on our website up until the day of the auction.
Each purchaser shall be deemed to have read the legal documents or provided the legal documents to their legal representatives for advice on the lot they are intending on purchasing which has been made available on our website. The purchaser shall be deemed to have raised any enquiries with the vendors solicitors that a prudent purchaser would make. The purchaser is deemed to have read the special conditions of sale associated with the sale of the lot and bid in full knowledge of this and the legal documents prior to bidding.

Other lots in the sale

Primary Lot Photo

21 Steele Road, Tottenham, N17 6YJ

£300,000+

Freehold House Vacant Possession