FREEHOLD GROUND RENT INVESTMENT
Guide price: £75,000 - £80,000 *
Tuesday, 13th December 2016 11:00am
Location & Description
A large terraced property comprising four self-contained flats on the south side of Perham Road between Talgarth Road (A4) and Lillie Road (A3218) close to the Queen's Club.
West Kensington underground (District line) station is a short walk away.
Flat 1: Sold on a 99 year lease from 25.12.2000 at £450 p.a. (doubling every 25 years) - 83 years unexpired.
Flat 2: Sold on a 99 year lease from 25.12.2004 at £400 p.a. (doubling every 25 years -but £3,500 p.a. in last 25 years) - 87 years unexpired.
Flat 3: Sold on a 99 year lease from 25.12.2004 at £400 p.a. (doubling every 25 years -but £3,500 p.a. in last 25 years) - 87 years unexpired.
Flat 4: Sold on a 125 year lease from 25.12.2010 at £350 p.a. (doubling every 25 years).
EQUIVALENT TO £1,600 p.a. (1 FLAT WITH 83 YEARS UNEXPIRED)
Refer to auctioneer
* 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.