Freehold ground rents secured against 3 x 2 bedroom flats, each with a valuable reversions in just 56 years. Ground rent £150 pa.

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Description/Location

Each flat is subject to a lease of 99 years from 25/03/1980. We refer bidders to the legal pack for copy Section 5 Notices that were served, the lessees have not taken up their rights.

Auctioneers Note: Ground rent investment - only the freehold title is being sold. THERE WILL BE NO VIEWINGS. The flats are sold off on leases and the leaseholders have the right of occupation until expiry of their lease.

Tenure

Freehold

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Accommodation

2 x 2 bedroom flats, each with a share of garden.

Rent

Ground Rent: £150 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.