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Lot 53 - 67 Priolo Road, Charlton, SE7 7PX

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £15,000 plus *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

A freehold ground rent secured upon two flats within a terraced residential conversion.

Located on the south side of Priolo Road within an residential area about ¼ mile south of Woolwich Road A206 and about ½ mile east of the Blackwall Tunnel Southern Approach.

Charlton mainline station is about ¼ mile north east of the property.

Accommodation

67A: Sold on a 99 year lease from April 2016 at £250 p.a. doubling every 25 years.

67B Sold on a 99 year lease from April 2017 at £250 p.a. doubling every 25 years.

EQUIVALENT TO £500 p.a.

Result

Refer to auctioneer

Addendum

There are NEW special conditions as the lessees have reserved their rights with regard to the S5B notices.

* 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.