FREEHOLD GROUND RENT INVESTMENT
Guide price: £100,000 plus *
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.
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.
* 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.