Sold for £25,250

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Freehold ground rents secured on a 2 bedroom mid terrace house producing £47 pa (rising).

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Description/Location

The house is held on a lease for 99 years from 25/03/1973 - 51 years unexpired. The freehold title will be offered on a first option basis to the buyer of Lot 5 (the leasehold interest in the house) for a fixed price of £5,000, if the buyer declines, the freehold will be offered to all bidders.

Auctioneers Note: The lot will be withdrawn if Lot 5 is not sold

Tenure

Freehold

Local Authority

Office Contact

Network Auctions - 020 7871 0420

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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.