Freehold ground rents equivalent to £150 pa secured against an attractive Victorian building comprising 2 x 2 bedroom and 1 x 1 bedroom apartments including one with a 73 year unexpired lease term.

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Description/Location

85 - a ground 2-bedroom flat with a share of the rear garden. Lease 99 years from 1/1/1999. Ground Rent £50 per annum. 85a - a rear first floor 1-bedroom flat with a share of the rear garden. Lease 125 years from March 2022. Ground Rent £50 per annum. 85b - a part first and whole of second floor 2 bedroom apartment with roof terrace, flat, sold in 2022 for £620,000. Lease 125 years from March 2022. Ground Rent £50 per annum. Freeholder Manages and Insures. Service charges approximately £1000 per flat pa, we refer bidders to the legal pack for detailed information.

Tenure

Freehold

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Rent

Ground Rent: £150 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.