E302 Woodside Park, North Finchley London N12
A 1960’s Development of two three storey flat roofed purpose-built blocks of Twelve substantial two bedroom Apartments, three Town Houses and sixteen Garages in three Blocks
The Twelve Apartments & Twelve Garages have been sold on varying lease terms at a (partly rising) combined Ground Rent of £970 per annum
TWO have 46 YEARS
ONE has 47 YEARS
ONE has 78 YEARS
ONE has 80 YEARS
ONE has 87 YEARS
ONE has 91 YEARS
And five have over 100 years left
VALUE GUESTIMATE FROM INTERNET INFO CIRCA £400,000+
(last sale Sept ’16 at £375,000)
The Landlord covenants to insure, manage recovering costs by Service Charge from the Lessees.
Sum insured: £2,995,271. Premium: £4,848.67. Renewal Date: 9th January 2019 The Lessees covenant “not to make any alterations without the approval in writing of the Landlord”
The Landlord owns all above the ceilings, below the floors, the building envelope, the common parts and can Develop as they see fit
The 3 Town Houses and 4 Garages have been sold Freehold contributing towards the service road
Section V Notices have not yet been served.
Copy documents held: Three OCE’s of Freehold; OCE of a Town House; Ground Rent Schedule; Executed Lease; Asbestos Report; Insurance Summary; Photo Gallery; D of V’s for the five extensions)
Same Ownership for over 30 years
Guide Price: £225,000
