GROUND RENT INVESTMENT
Guide price: £20,000 - £25,000
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.
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
Sold for £55,000.