Freehold ground rents equivalent to £200 pa secured against 1 x 2 bedroom, 2 x 1 bedroom and 1 x studio flats. Two leases have reversions in 59 & 71 years.

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Description/Location

FF - 99 years from 25/12/1984. Ground rent £100 pa (rising). 1 bedroom flat. SF - 99 yrs from 29/9/1996. Ground rent £100 pa. 1 bedroom flat. GF - 125 years from 29/08/2017. Ground rent one peppercorn. 2 bedroom flat. FF - 189 years from 25/12/1984. Ground rent one peppercorn. Studio flat. We refer bidders to the copy S5B Notices in the legal pack, the lessees have taken up their rights.

Tenure

Freehold

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Accommodation

1 x ground floor, 2 x first floor & 1 x second floor apartments with outside space to the front and rear.

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.