Sold for £15,500

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Freehold ground rents secured against 1 x 2 bedroom duplex and 1 x 1 bedroom garden flats producing £200 pa (rising).

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Description/Location

199a - Ground floor, 1 bedroom flat with garden - 189 years from 25/03/1986, ground rent peppercorn. 199b - First and second floor 2 bedroom duplex flat - 99 years from 01/01/2015, ground rent £200 pa doubling every 33 years. Landlord insures.

Tenure

Freehold

Local Authority

Office Contact

Please contact Charles Darrow Network Auctions on 01626 330022

Rent

Ground Rent: £200 pa (rising)

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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.