FREEHOLD GROUND RENT INVESTMENT ON 8 FLATS
Guide price: £25,000 - £30,000
Location & Description
A detached block comprising 8 flats accessed via a private gated driveway on the west side of Fairfield Road off Bow Road (A11), just south of Wick Lane and approximately ½ mile from Bow Road DLR station.
The flats are sold off on long leases as follows:
5 flats for 99 years from 23.05.2008 at £250 p.a.
3 flats for 125 years from 11.06.2008 at £250 p.a.
No ground rent or service charge has been collected since the inception of each lease.
EQUIVALENT TO £2,000 p.a.
Sold for £103,000