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Lot 37 - 2 Dunmow Road, Stratford, E15 1TZ

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FREEHOLD GROUND RENT INVESTMENT - 2 FLATS

Guide price: £40,000 - £41,000 *

Auction Date

Monday, 27th March 2017 11:00am

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.

Accommodation

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

Result

Sold for £48,000

* 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.