Home » Property Search » Auctions » 10/10/16 » 32 Mount Ephraim Road, Streatham, SW16 1LW

Lot 57 - 32 Mount Ephraim Road, Streatham, SW16 1LW

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FREEHOLD GROUND RENT INVESTMENT -
6 SELF-CONTAINED FLATS & GARAGE

Guide price: £34,000 - £36,000 *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

A detached property comprising six self-contained flats and a garage within an established residential area west of Streatham High Road (A23) and about ¼ mile from Streatham Hill mainline station.

Accommodation

Flat 1: 99 years from 29.09.2003 (86 years unexpired) at a current ground rent of £100 p.a. doubling every 33 years.
Flat 2: 125 years from 29.09.2000 at a current ground rent of
£50 p.a. doubling every 33 years.
Flat 3: 99 years from 29.09.1974 (57 years unexpired) at a current ground rent of £40 p.a. rising to £60 p.a. for the last 33 years.
Flat 4: 125 years from 29.09.2015 at a current ground rent of
£100 p.a. rising by £100 every 25 years.
Flat 5: 99 years from 29.09.2004 (87 years unexpired) at a current ground rent of £100 p.a. doubling every 33 years.
Flat 6: 189 years from 29.09.1974 at a peppercorn.
Garage: 99 years from 29.09.1974 (57 years unexpired) at a fixed ground rent of £10 p.a.

EQUIVALENT TO £400 p.a. WITH 1 FLAT HAVING 57 YEARS UNEXPIRED, 2 FLATS WITH 86/87 YEARS UNEXPIRED AND 1 GARAGE WITH 57 YEARS UNEXPIRED.

Result

Sold for £64,000.

* 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.