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Lot 32 - 131/133 Howard Road, Walthamstow, E17 4SG

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £5,000 plus *

Auction Date

Thursday, 8th February 2018 11:00am

Location & Description

A ground rent investment secured upon two purpose built flats within a terraced property. Located on the west side of Howard Road which links Forest Road (A503) to Church Hill about a ¼ mile north east of Walthamstow town centre and stations.

Accommodation

No. 131: 189 year lease from 1991 at a ground rent of £150 p.a. rising to £250 in 2024 and by £100 p.a. each 33 years thereafter.

No. 133: 189 year lease from 1979 at a ground rent of £100 p.a. until 2037 and rising by £50 p.a. each 25 years thereafter.

Note

The freeholder insures and recovers the premiums

EQUIVALENT TO £250 p.a.

Result

Sold for £5,000

Addendum

The contract copies of the special conditions now have an additional clause 10. The Buyer has to reimburse £500 for the Seller's costs.

* 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.