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Lot 44 - 28/28A Park Vista, Greenwich, SE10 9LZ

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The Secretary of State for Defence

FREEHOLD GROUND RENT INVESTMENT

Guide price: £25,000 - £26,000 *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

A large semi-detached property comprising two self-contained flats in a conservation area in the Royal Borough of Greenwich. On the north side of Park Vista on the corner with Park Row where the National Maritime Museum is located.
Numerous other famous landmarks/attractions are close by including Greenwich Park (opposite) which has the Royal Observatory, Queen's House and Prime Meridian, the University of Greenwich and the Cutty Sark.
Maze Hill mainline station is less than ¼ mile away.

Accommodation

28: Lower Split Level Flat:
125 years from 25.03.2015 at £150 p.a. (rising)
28A: Upper Split Level Flat:
Expires 29.09.2102 at £25 p.a.
Rent review 24.06.2022 to 0.13% of capital value of the flat.
Approximately 85 years unexpired.

EQUIVALENT TO £175 p.a. WITH RENT REVIEW IN 5 YEARS ON 28A & APPROXIMATELY 85 YEARS UNEXPIRED ON 28A

Result

Sold for £25,000

Addendum

The deposit is the minimum of 10% or £6,600 whichever is the greater.

* 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.