Sold for £29,000

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Freehold ground rent investment secured against 2 apartments.

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Description/Location

* At completion, in addition to the purchase price the buyer will pay notice fees to the sellers agents of £1,000 inc VAT and £900 inc VAT towards the sellers legal costs as detailed in the Section 5 Notices.

Tenure

Freehold

Local Authority

London Borough of Ealing

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Held on a lease for 189 years from 21/10/1983, ground rent peppercorn. First Floor; Held on a lease for 99 years from 12/10/1983, ground rent £75 pa.

Rent

Ground Rent: £75pa

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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.