FREEHOLD GROUND RENT INVESTMENT
Guide price: £7,000 - £10,000
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
Sold for £27,000.