• Attractive Freehold Ground Rent

• Close to Finchley Road, Belsize Park & Hampstead Stations (Jubilee & Northern Lines).

• 10 flats - Flat 3 (1 bed) 49 years unexpired - Flat 9 (2 bed) 84 years unexpired - Remainder, 139 years + unexpired. (1)

• Total Ground Rent £575 per annum.

• To be offered by Knight Frank Auctions on 1st May 2025.

Property Description

47 Netherhall Gardens is a freehold period property located in South Hampstead, close to Hampstead Heath, and conveniently located near Finchley Road and Belsize Park stations, providing access to the Jubilee and Northern Lines. The property comprises 10 flats. A total ground rent income is £575 per annum.

TENURE

Freehold

TENANCY (1)

The property comprises 10 flats let on long leases:-

· Flat 3 (1 bed) lease expiring in 2074 (49 years unexpired).

· Flat 9 (2 bed) lease expiring in 2109 (84 years unexpired).

· Flats 1, 2, 4, 5, 7, 8, and 10 leases expiring in 2164 (139 years unexpired).

· Flat 6 lease expiring in 2199 (174 years unexpired).

The Total Ground Rent is £575 per annum.

NOTICES

Notices have been served in accordance with Section 5B of the Landlord and Tenant Act 1987. The notices were served on the 20th December 2024. The tenants have responded with notice of acceptance dated 17th February 2025. Should the property sell at auction the tenants are able to exercise the right of pre-emption on this sale. Please see legal pack for further details.

Location

The property is located on Netherhall Gardens in Hampstead, close to its junction with Fitzjohn’s Avenue and Finchley Road (A41). Situated in the sought-after area of South Hampstead, it benefits from excellent transport links, with Finchley Road and Belsize Park stations (Jubilee & Northern Lines) within walking distance. Hampstead Heath and the shops and cafés of Hampstead Village and Swiss Cottage are all nearby.

Tenure

Freehold Residential Ground Rent

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.