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Lot 36 - 61 Highgate West Hill, Highgate, N6 6BU

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £100,000 plus *

Auction Date

Monday, 27th March 2017 11:00am

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.

Accommodation

Upper Flat - 1st, 2nd and 3rd floor:
99 year lease from 1967 at a current rent of £100 p.a.
Ground Floor:
99 year lease from 1967 at a ground rent of £25 p.a.
Basement/Garden Flat:
99 year lease from 2004 at a ground rent of £50 p.a. for the first 33 years and rising.

Note

We understand that the lessees have reserved their rights.

EQUIVALENT TO £175 p.a. WITH 2 FLATS HAVING APPROXIMATELY 49 YEARS UNEXPIRED

Result

Sold for £150,000

Addendum

Please note that the upper flat and ground floor flat are held on 99 year lease from 1976 and not as printed.

* 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.