Studio for sale

St. Johns Court, Finchley Road, Hampstead NW3

Lot 71 **for sale by online auction** on 16th September 2026

In Same Ownership for
Approximately 36 Years

Headlease Ground Rent and Porters Flat Investment

Conveniently situated between Goldhurst Terrace and Canfield Gardens in this sought after area, close to a good range of shops and travelling facilities including Finchley Road Underground Station (Jubilee and Metropolitan Lines) and South Hampstead Overground Station.

The property comprises a Leasehold Ground Rent Investment amounting to £4,120 per annum.

The net rent is £2,611 per annum after the ground rent to the head lease is paid.

Head Leasehold. The property is held on a lease for a term of 125 years from 25th December 1981 (thus having approximately 80 years unexpired) at a current ground rent of £1,509 per annum paid to Waitrose (who have a superior lease).

The residents management company is responsible for the repair and maintenance of the building.

Flat 8 (Porter's Flat of approx 579 sq ft) with accommodation comprising:

Entrance Hall
Reception Room
Bedroom
Kitchen
Bathroom/WC

Held on a long lease dated 13 November 2023 for a term expiring on 1st December 2196. The use under the lease is as a porter's flat.

Let on a tenancy to the management company at £2,094.14 per calendar month with rent reviews annually at rpi. (Equivalent to £25,129.68 per annum) expiring on 31 January 2030.

Note 1: There are currently 31 Flats with approximately 80 years remaining on the leases. A Full Ground Rent Schedule is available within the Legal Pack.

Note 2: A significant opportunity exists to unlock additional value through rooftop development, with the potential to create further accommodation, subject to obtaining the necessary planning permission and all required statutory consents.

Note 3: There is a Vodafone telecoms lease currently holding over at £16,000 rent per annum with 50% of this rent due to the head lessee subject to demand by the head lessee. The head lessee have not demanded for the last circa 2 years.

Producing £35,740.68 per annum

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,500 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £500 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.