Freehold ground rents secured against 4 flats (1 x 2 bed, 3 x 1 bed) producing £800 pa, subject to 10 year FRI reviews.

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Description/Location

Flat 17. 1 bedroom. Held on a 125 year lease from 01/01/2019, Ground Rent commencing at £200 per annum rising every 10 years (RPi). Flat 17a.1 bedroom. Held on a 125 year lease from 01/01/2019, Ground Rent commencing at £200 per annum rising every 10 years (RPi). Flat 17b. 2 bedroom duplex. Held on a 125 year lease from 01/01/2019, Ground Rent commencing at £200 per annum rising every 10 years (RPi). Flat 17c. 1 bedroom. Held on a 125 year lease from 01/01/2019, Ground Rent commencing at £200 per annum rising every 10 years (RPi). The freeholder manages and insures. We refer bidders to the legal pack for copies of the Section 5a Notices served on the lessees.

Tenure

Freehold

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Rent

Ground Rent: £800 pa (rising)

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Legal documents

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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.