Home » Property Search » Auctions » 09/02/17 » 5 Ashford Crescent, Enfield, Middlesex, EN3 7HU

Lot 34A - 5 Ashford Crescent, Enfield, Middlesex, EN3 7HU

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FREEHOLD REVERSIONARY GROUND RENT INVESTMENT

Guide price: £140,000 - £150,000 *

Auction Date

Thursday, 9th February 2017 11:00am

Location & Description

A terraced house within an established residential area east of Hertford Road (A1010), close to Durants Park and within ¾ mile of Brimsdown mainline station.

Accommodation

Not inspected: Understood to be a 3-bedroom house.
The entire property is let on a 99 year lease from 29.09.1935 (about 18½ years unexpired) to Eric Arthur Atkins at a fixed ground rent of £6.10 p.a.

Note

We understand from the seller that the lessee is not in occupation.

REVERSION IN 18½ YEARS.

Result

Refer to auctioneer

Addendum

1. Contrary to the note in the particulars, we have received an e-mail from the lessees solicitor stating that their client is in occupation at the property. This e-mail is included within the legal pack. 2. The Reversion is in about 17½ years. 2. The Reversion is in about 17½ years.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.