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Lot 42 - Flats 1-4 Forbels, 8 Falmouth Avenue, Highams Park, E4 9QH

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TRUSTEES

FREEHOLD GROUND RENT INVESTMENT - 4 FLATS (2 WITH 82 YEARS UNEXPIRED)

Guide price: £15,000 - £16,000 *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

A large detached block comprising four self-contained flats with communal gardens on the corner with Castle Avenue. Just to the west of Chingford Lane (A1009) and within walking distance of Highams Park mainline station.

Accommodation

Each flat is sold off as follows:

Flat 1: 99 years from 24.06.2000 at £100 p.a. - (Approximately 82 years unexpired)
Flat 2: 99 years from 01.01.2007 at £100 p.a.

Flat 3: 99 years from 24.06.2000 at £100 p.a. - (Approximately 82 years unexpired)
Flat 4: 125 years from 01.01.2011 at £250 p.a.

Note

1. Possible long term development potential.
2. See leases for any ground rent reviews.

EQUIVALENT TO £550 p.a. WITH 2 FLATS HAVING ABOUT 82 YEARS UNEXPIRED

Result

Sold for £15,000

Addendum

There are NEW special conditions which now mention 3 maintenance agreements.

* 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.