Halliwick Court, Woodhouse Road, London, N12 0ND
Property Description
Halliwick Court is a crescent shaped, three storey building, comprising retail shops to the ground floor, with the upper parts comprising 23 apartments, each of which have been sold off on long leases. We are offering for sale the head leasehold interest of the upper parts, held by way of a 999 year head lease (from 1985). The apartments currently produce a collective ground rent of approximately £1,900 per annum, rising to £2,700 in 2026. The ground floor shops do not form part of the demised p
+ Read MoreHead lease of the upper parts for a term of 999 years from 1985 at an annual ground rent of £125
Eight of the flats have circa 50 years unexpired on their current leases. The most recent renewal premium paid by another of the flats in February 2022 was £46,730. That flat had 53 years unexpired.
The table below illustrates the schedule of ground rent charges, provided to Strettons by the seller.
It is understood that the Freeholder insures the building.
The block service charge managers are appointed by the Management Company appointed by the lessees.
There is lapsed planning permission for conversion of the loft space above the second floor flats, with a more recent scheme having been drawn up to provide 9 flats of various sizes within the loft space; this would provide a further 4,541 Sq Ft (422 Sq M) of accommodation. Some works were undertaken to implement this consent including provision of half landings
This scheme was submitted for planning approval in May 2021, but was subsequently withdrawn in April 2023.
Prospective bidders should refer to the London Borough of Barnet Planning Department and the auction legal pack for further details.
Contact: andrew.brown@strettons.co.uk
Tel: 0208 5094470
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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Halliwick Court, Woodhouse Road, London, N12 0ND
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