hi

Home » Property Search » Auctions » Current Auction » 201/203 Southend Arterial Road, Hornchurch, Essex, RM11 2SF

Lot 47 - 201/203 Southend Arterial Road, Hornchurch, Essex, RM11 2SF

LotImage
LotImage
LotImage
LotImage


FREEHOLD GROUND RENT INVESTMENT -
2 MAISONETTES

Guide price: £8,000 - £9,000 *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

A semi-detached property comprising two maisonettes on the north side of the Southend Arterial Road (A127) and about ¾ mile from Gallows Corner which connects with the A12.

Accommodation

No. 201: 99 years from 01.12.2001 (83 years unexpired) at a current ground rent of £185 p.a. Reviewed on every sale of the leasehold interest to 0.1% of the purchase price paid.
No. 203: 99 years from 01.12.2001 (83 years unexpired) at a current ground rent of £87 p.a. Reviewed on every sale of the leasehold interest to 0.1% of the purchase price paid.

EQUIVALENT TO £272 p.a. WITH BOTH MAISONETTTES HAVING ABOUT 83 YEARS UNEXPIRED

Result

Sold for £17,000

Addendum

There are arrears relating to ground rent/insurance premiums totalling £965 for No. 201 and £1,350.68 for No. 203. No. 203 - The deed of variation shows the ground rent as £80 p.a. but understand the lessee has been charged and been paying £87 p.a. since 2007.

* 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. 

  • viewing iconProxy Bidding Form
  • Pre-Register to Bid
  • enquiry iconProperty Enquiry
  • email shareSend To A Friend
  • print iconPrint Details
  • legal document iconView Legal Documents
  • pdfPDF

* 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.