Sold for £45,500

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Freehold ground rent investment comprising 5 self contained apartments (3 x 2 bed, 2 x 1 bed), 3 apartments have lease terms of 76, 80 and 83 years unexpired.

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Description/Location

Situated in the Barons Court district of West Kensington. Barons Court and West Kensington underground stations are nearby and the famous Queens Tennis Club is a few hundred yards to the west. The leases produce ground rent of £75 pa each, equivalent to £375 pa.

Tenure

Freehold

Local Authority

London Borough of Hammersmith and Fulham

Office Contact

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Flat 1- 1 bed, 124 years from 24/06/1973, 76 unexpired. Flat 2- 2 bed, 128 years from 24/06/1973, 80 unexpired. Flat 3- 2 bed & roof terrace, 153 years from 24/06/1973, 104 years unexpired. Flat 4- 2 bed with garden, 132 years from 24/07/1973, 83 years unexpired. Flat 5- 1 bed with balcony, until 23/06/2116, 95 years unexpired.

Rent

Ground Rent; £375 pa

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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.