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Lot 33 - Chase Bank Court, Avenue Road, Southgate, N14 4DY

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £5,000 - £10,000 *

Auction Date

Monday, 27th March 2017 11:00am

Location & Description

A freehold ground rent investment secured upon eight flats within purpose built two storey detached blocks.
Located at the junction of Avenue Road and Linden Way approximately 1 mile north of Southgate town centre.

Accommodation

Each block contains four flats with demised garden areas.
Each flat has been sold on a 999 year lease from the 1960's at a fixed rent of £15.75 p.a. each.

EQUIVALENT TO £126 p.a.

Result

Sold for £20,000

* 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.