FREEHOLD REVERSIONARY GROUND RENT INVESTMENT
Guide price: £140,000 - £150,000 *
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.
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.
We understand from the seller that the lessee is not in occupation.
REVERSION IN 18½ YEARS.
Refer to auctioneer
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.