Freehold Ground Rent investment secured against 2 X 2 bedroom maisonettes producing £150 pa (combined, rising). Each property benefits from a private parking space. Valuable reversion in less than 49 years.

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Description/Location

133 Harrington Road (Ground Floor Flat) is held on a 125 year lease from 31/3/2022 with a fixed Ground Rent of £100 per annum fixed for the full term. 133a Harrington Road (First Floor Flat) is held on a 99 year lease from 25/12/1972. Ground Rent currently £50 per annum rising in 2038 to £75 per annum. The Freeholder Insurers. There is no formal management. Section 5b Notices were served and the lessees have not taken up their rights

Tenure

Freehold

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

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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.