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Lot 46 - 93 Norman Road, Leytonstone, E11 4RJ

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £7,000 - £10,000 *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

A ground rent investment secured upon two flats within a terraced period conversion. On the west side of Norman Road within a residential area to the west of the A12 and north of Cathall Road.

ACCOMMODATION (2nd Column)

First Floor: Sold on a 999 year lease at a peppercorn
Ground Floor: Sold on 99 year lease from 1983 at £30 p.a. having 66 years unexpired.

EQUIVALENT TO £30 p.a. AND ONE FLAT HAVING 66 YEARS UNEXPIRED

Result

Sold for £27,000.

* 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.