FREEHOLD GROUND RENT INVESTMENT - 2 FLATS
Guide price: £40,000 - £41,000
Location & Description
An end of terrace property comprising two flats within a residential area west of Leytonstone Road, about ½ mile from Maryland mainline station.
First Floor Flat:
99 years from 17.09.2010 at a current ground rent of £100 p.a. doubling every 25 years.
Ground Floor Flat:
99 years from 24.06.1975 (about 57 years unexpired) at a fixed ground rent of £15 p.a.
EQUIVALENT TO £115 p.a. WITH ONE FLAT HAVING ABOUT 57 YEARS UNEXPIRED
Sold for £48,000