Block of apartments for sale

Twelve detached two storey blocks arranged as 48 maisonettes, with the remaining 22 sold on long leases with garages and producing £312.12 per annum (the rest having been enfranchised).

The properties are situated just off the main Chorleywood Road on the outskirts of the town, being within easy access of comprehensive local shopping facilities and amenities. There are excellent road links to Watford, Luton Airport and Central London via the nearly M25.

Twenty-two of the maisonettes have been enfranchised, with the remaining leases held as follows:-

Flats 10, 12, 16, 18, 25, 29 & 47
Sold on 189-year leases, from 24th June 1957, majority at peppercorn ground rents. Although, Flat 18 at a current ground rental of £100 per annum.

Flats 14, 15, 17, 19, 20, 21, 23, 26, 28, 32, 45 & 49
Sold on 239-year leases, from 24th June 1957, majority at peppercorn ground rents. Although, Flats 20 & 26 at a current ground rental of £50 per annum each.

Flats 27 & 30
Sold on 149-year leases, from 24th July 1957, at a current ground rental of £50 per annum each.

Flat 43
Sold on a short lease at a current ground rental of £12.12 per annum.

Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Auctioneer's Note 2
There is no Flat 13 in the block.

Viewing
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Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

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