Sold for £24,000

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A freehold ground rent investment comprising 2 x 2 bedroom flats held on leases of 99 years from 25/03/1982 (60 years unexpired) and 160 years from 25/03/1982

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Description/Location

Situated in an established residential area opposite the entrance to Wembley Central station (0.2 miles). Flat 47a is held on a lease for 99 years from 25/03/1982 producing ground rent of £50 pa rising. Flat 47 is held on a lease of 160 years from 25/03/1982, with a peppercorn ground rent.

Please note: this lot is a ground rent investment, external viewing only.

Tenure

Freehold

Local Authority

Brent Council

Office Contact

Please contact Elliott Network Auctions on 01923 240420

Rent

Ground Rent: £50 pa rising

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.