Residential Value Add Opportunity
Residential Value Add Opportunity
West Hampstead is a highly affluent and attractive north-west London suburb within the London Borough of Camden.
The property is situated in on the south side of the leafy Fordwych Road, between its junctions with Garlinge Road and St Cuthbert's Road and some 700 metres west of the busy and popular main town centre, West End Lane with its array of popular retailers and restaurants. The property benefits from excellent communication links, being near to Kilburn Underground Station, West Hampstead, West Hampstead Thameslink and Overground Stations.
Long Leasehold. Held from the London Borough of Camden for a term of 125 years from 24th September 1984 until 2109. Therefore, there are 84 years unexpired on the term at a current rent reserved of £10 per annum exclusive. The London Borough of Camden have indicated a premium of £8,730 to extend the lease by 90 years. See Legal Pack for details.
West Hampstead is a highly affluent and attractive north-west London suburb within the London Borough of Camden.
The property is situated in on the south side of the leafy Fordwych Road, between its junctions with Garlinge Road and St Cuthbert's Road and some 700 metres west of the busy and popular main town centre, West End Lane with its array of popular retailers and restaurants. The property benefits from excellent communication links, being near to Kilburn Underground Station, West Hampstead, West Hampstead Thameslink and Overground Stations.
Long Leasehold. Held from the London Borough of Camden for a term of 125 years from 24th September 1984 until 2109. Therefore, there are 84 years unexpired on the term at a current rent reserved of £10 per annum exclusive. The London Borough of Camden have indicated a premium of £8,730 to extend the lease by 90 years. See Legal Pack for details.
The property comprises a self contained maisonette occupying the 2nd and 3rd floors within an attractive semi-detached Victorian 3 storey converted house. The 2nd floor accommodation comprises a lounge, kitchen, bathroom and a bedroom with a second bedroom on the 3rd floor.
The property has been squatted in and requires refurbishment. The internal photographs shown were taken prior to in September 2024 prior to the property being squatted. The squatters have now been removed.
By way of a comparable, an identical maisonette at no 24 is currently being marketed for £575,000. See https://www.rightmove.co.uk/properties/149341067#/?channel=RES_BUY .
VAT is not applicable to this lot.
Band D
The property comprises a self contained maisonette occupying the 2nd and 3rd floors within an attractive semi-detached Victorian 3 storey converted house. The 2nd floor accommodation comprises a lounge, kitchen, bathroom and a bedroom with a second bedroom on the 3rd floor.
The property has been squatted in and requires refurbishment. The internal photographs shown were taken prior to in September 2024 prior to the property being squatted. The squatters have now been removed.
By way of a comparable, an identical maisonette at no 24 is currently being marketed for £575,000. See https://www.rightmove.co.uk/properties/149341067#/?channel=RES_BUY .
VAT is not applicable to this lot.
Band D
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant |
|---|---|---|---|---|
| Second Third |
2 Rooms, Kitchen and Bathroom, 1 Bedroom |
49.24 13.61 |
(530) (146) |
VACANT POSSESSION |
| Total Approximate Floor Area | 62.85 |
(676) |
(1) The lease has 84 years unexpired. The Freeholder has agreed a premium of £8,730 to extend the lease by 90 years, subject to varying the Service Charge provisions in the lease.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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