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Lot 49 - 44 Dorset Road, Forest Gate, E7 8PS

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £14,000 - £15,000 *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

A ground rent investment secured upon 2 flats within a converted period property on the north side of Dorset Road which is off Katherine Road and close to Green Street.

Accommodation

First Floor: Sold on a 125 year lease from 17.10.2003 at £200 p.a. (rising)
Ground Floor: Sold on a 125 year lease from 09.04.1990 at £200 p.a. (rising)






EQUIVALENT TO £400 P.A.

Result

Refer to auctioneer

Addendum

Both leases are 125 years from 26.06.1989. The ground rent for the 1st floor flat is £100 pa.

* 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.