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Lot 51 - 1, 2, 3 Morden Cliff, 1 Morden Lane, Lewisham, SE13 7NR

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BY ORDER OF TRUSTEES

FREEHOLD GROUND RENT COMPRISING 3 FLATS - 1 WITH 46 YEARS UNEXPIRED

Guide price: £35,000 - £36,000 *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

An end of terraced three storey block in a cul-de-sac on the corner with Morden Hill and reached from Lewisham Hill.
Just to the north east of central Lewisham with its numerous shops, restaurants/take-aways and banks and the mainline and DLR stations.

Accommodation

Flat 1: Sold off on a 141 year lease from 24.06.1964 at £150 p.a. (rising) - 88 years unexpired.
Flat 2: Sold off on a 99 year lease from 24.06.1964 at £25 p.a. - 46 years unexpired.
Flat 3: Sold off on a 99 year lease from 25.12.2007 at £150 p.a. (rising) - 89 years unexpired.

EQUIVALENT TO £325 p.a. WITH 1 FLAT HAVING ABOUT 46 YEARS UNEXPIRED

Result

Sold for £35,000

Joint Agent

 McDowalls: Tel: 020 8472 4422 Ref: Chris Baker

* 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.