Freehold ground rents secured against a mixed use building comprising ground floor retail unit and 2 flats above, producing income of £200 p.a.

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Description/Location

183-185 Rose Lane - Ground floor retail unit. Lease term from 12/11/2020 - 14/10/2920. Peppercorn rent. 181 Rose Lane - Ground & First floor 3 bedroom flat. 199 year lease from 26/6/2015. Ground rent £100 p.a. 187 Rose Lane - First floor 2 bedroom flat. 199 year lease from 04/10/2021. Ground rent £100 p.a. The freeholder manages and insures. NB: An administration fee of £1500 (including vat) applies to this lot.

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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.