FREEHOLD GROUND RENT INVESTMENT
Guide price: £100,000 plus
Location & Description
A freehold ground rent investment secured upon three flats within a terraced conversion.
Located within an attractive popular residential area just off Highgate High Street in the heart of Highgate village.
Upper Flat - 1st, 2nd and 3rd floor:
99 year lease from 1967 at a current rent of £100 p.a.
99 year lease from 1967 at a ground rent of £25 p.a.
99 year lease from 2004 at a ground rent of £50 p.a. for the first 33 years and rising.
We understand that the lessees have reserved their rights.
EQUIVALENT TO £175 p.a. WITH 2 FLATS HAVING APPROXIMATELY 49 YEARS UNEXPIRED
Sold for £150,000
Please note that the upper flat and ground floor flat are held on 99 year lease from 1976 and not as printed.