Vendor: Executor

Freehold ground rent investment. An attractive period property arranged as 3 x 2 bedroom apartments producing ground rents equivalent to £450 pa. 2 leases are highly reversionary (53-year terms).

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Description/Location

Vera Road is situated just north of the Fulham Road with a varied range of local amenities, including cafes and restaurants. Parsons Green tube 0.4 miles. We refer bidders to the legal pack for a schedule of leases and ground rents.

Auctioneers Note: External viewing only.

Tenure

Freehold

Office Contact

Network Auctions - 020 7871 0420

Accommodation

37 A – Subject to a lease of 125 years from 25/12/1995. Ground Rent £250 pa rising. 37 B -Subject to a lease of 99 years from 24/06/1978. Ground Rent £100 pa rising. 37 C -Subject to a lease of 99 years from 24/06/1978. Ground Rent £100 pa rising.

Rent

Collective Ground Rent: £450 pa

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Legal documents

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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.