Sold prior to auction, for an undisclosed amount

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Freehold ground rents secured against 2 x 2 bedroom maisonettes producing £350 pa

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Description/Location

197 - Ground floor, 2 bedroom garden flat - 125 years from 01/01/2018, ground rent £250 pa doubling every 25 years. 197a - Upper floor, 2 bedroom flat - 125 years from 01/01/2012, ground rent £100 pa. Landlord Insures.

Tenure

Freehold

Local Authority

Office Contact

Please contact Charles Darrow Network Auctions on 01626 330022

Rent

Ground Rent: £350 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.