Sold for £12,000

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Freehold ground rent investment secured against 2 x 2 bedroom flats producing £500 pa.

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Description/Location

The flats were completely refurbished in 2018 and are situated close to Harrow on the Hill station (0.3 miles). The flats are held on leases for 125 years from 2018 producing £250 pa each (rising).

Tenure

Freehold

Local Authority

Harrow Council 020 8863 5611

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor: 2 bedroom garden flat. 125 years from 28/09/2018, ground rent £250 pa rising. First and Second Floors: Split level 2 bedroom flat. 125 years from 21/09/2018, ground rent £250 pa rising.

Rent

Ground Rent: £500 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.