Home » Property Search » Auctions » 11/07/16 » 202 Ballards Lane, Finchley, N3 2NA

Lot 37 - 202 Ballards Lane, Finchley, N3 2NA

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GROUND RENT INVESTMENT

Guide price: £20,000 - £25,000 *

Auction Date

Monday, 11th July 2016 11:00am

Location & Description

A ground rent investment secured upon 4 flats within a substantial semi-detached conversion.

Located on the east side of Ballards Lane, approximately ¼ mile south of North Finchley Town Centre, close to its junction with Granville Road.

Accommodation

Each flat has been sold on a long lease as follows:

Second Floor: 125 years from 2001, ground rent £50 p.a.

First Floor: 125 years from 2001, ground rent £125 p.a. rising

Ground Floor Front: 125 years from 2001, ground rent £50 p.a. rising

Ground Floor Rear: 99 years from 1972 approximately 55 years unexpired, ground rent £66 p.a. rising

EQUIVALENT TO £291 p.a. WITH ONE LEASE HAVING APPROXIMATELY 55 YEARS UNEXPIRED

Result

Sold for £55,000.

* 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.