Withdrawn prior to auction

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Freehold ground rents secured against 1 x 3 bed, 1 x 2 bed & 1 x 1 bed recently converted flats producing £975 pa

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Description/Location

The flats are all held on leases for 125 Years from 2020 and produce a current collective ground rent income of £975 PA. Ground rents indexed to RPI every 10 years Landlord manages and insures The flats benefit from 10 years structural warranty from 2020.

Tenure

Freehold

Local Authority

London Borough of Croydon

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Rent

Ground Rent: £975 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.