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Lot 38 - 42 First Avenue, Manor Park, E12 6AN

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FREEHOLD GROUND RENT INVESTMENT
- 2 FLATS

Guide price: £9,000 - £10,000 *

Auction Date

Thursday, 9th February 2017 11:00am

Location & Description

A mid terrace property comprising two flats within an established residential area just south of Romford Road (A118) and about ½ mile from Manor Park mainline station.

Accommodation

Ground Floor Flat:
99 years from 25.03.1987 (about 69 years unexpired) at a current ground rent of £50 p.a. rising by £50 every 33 years.
First Floor Flat:
125 years from 21.02.1986 at a current ground rent of £50 p.a. for the first 40 years, £100 p.a. for the next 41 years and £150 p.a. for the remainder of the term.

EQUIVALENT TO £100 p.a. WITH ONE FLAT HAVING ABOUT 69 YEARS UNEXPIRED

Result

Sold for £24,000

* 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.