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Lot 40 - Flats 1 - 8 Jassal Court, Stocksfield Road, Walthamstow, E17 3LW

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FREEHOLD GROUND RENT INVESTMENT ON 8 FLATS

Guide price: £25,000 - £30,000 *

Auction Date

Monday, 27th March 2017 11:00am

Location & Description

A modern detached block comprising 8 flats on the east side of Stocksfield Road, adjacent to Athlone Court and just east of West Street and approximately ¼ mile from Wood Street (mainline) station.

Accommodation

The flats are each sold on long leases for:

99 years from 01.01.2008 at £250 p.a.

Note

No ground rent or service charge has been collected since the inception of each lease.

EQUIVALENT TO £2,000 p.a.

Result

Sold for £61,000

* 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.