Sold prior to auction, for an undisclosed amount

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Freehold Ground Rent Investment secured against 2 x 1 bedroom flats producing £440 pa (rising).

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Description/Location

Flat 31 - GF. 39 sqm, EPC: D. Held on a lease for 189 years from 14/12/1967. Ground rent £200 pa doubling every 25 years from 2036. Flat 31a - FF. 51 sqm, EPC: E. Held on a lease for 189 years from 14/12/1967. Ground rent £240 pa for the term.

Local Authority

Surrey County Council

Office Contact

Network Auctions - 020 7871 0420

Rent

Ground Rent: £440 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.