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Home » Property Search » Auctions » Current Auction » 246, 246A, 248, 248A, 250 & 250A Billet Road, Walthamstow, E17 5DY

Lot 41 - 246, 246A, 248, 248A, 250 & 250A Billet Road, Walthamstow, E17 5DY

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BY ORDER OF TRUSTEES

FREEHOLD GROUND RENT INVESTMENT - 6 FLATS (2 WITH 86 YEARS UNEXPIRED)

Guide price: £22,000 - £23,000 *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

A large block of six self-contained flats on the north side of Billet Road (B179) almost opposite Millfield Avenue. Billet Road leads to Blackhorse Lane/Forest Road to the west/south, where the mainline and underground station (Victoria line) is located and the North Circular Road to the east.

Accommodation

No. 246: 99 years from 01.01.2010 at £250 p.a.
No. 246A: 99 years from 01.01.2005 at £100 p.a. - (Approximately 86 years unexpired)
No. 248: 99 years from 01.01.2008 at £100 p.a.
No. 248A: 125 years from 01.01.2012 at £250 p.a.
No. 250: 99 years from 01.01.2005 at £100 p.a. - (Approximately 86 years unexpired)
No. 250A: 99 years from 01.01.2008 at £100 p.a.

Note

See leases for any ground rent reviews.

EQUIVALENT TO £900 p.a. WITH 2 FLATS HAVING ABOUT 86 YEARS UNEXPIRED

Result

Sold for £47,000

Addendum

The current ground rent is equivalent to £850 p.a. and not as printed. 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.