Sold prior to auction, for an undisclosed amount

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Freehold ground rents secured against a detached building comprising 5 flats ( 2 x 2 bed, 3 x 1 bed) producing £1679 pa (rising)

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Description/Location

The flats are all held on 125 year leases from 2020, ground rents increase every 10 years and are indexed to RPI with first review at 31/12/2029. Landlord manages and insures.

Tenure

Freehold

Local Authority

Royal Borough of Kingston Upon Thames

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Flat 1: 2 bedroom ground floor. Ground rent £400 pa Flat 2: 1 bedroom ground floor. Ground rent £300 pa Flat 3: 1 bedroom first floor. Ground rent £300 pa Flat 4 1 bedroom flat + extra study / reception first floor. Ground rent £329 pa Flat 5: 2 bedroom top floor. 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.