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Lot 65-96 - A Portfolio of Ground Rents in, Woodford Green, Essex, IG8

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TRUSTEES

32 FREEHOLD GROUND RENTS - 64 FLATS WITH 32 HAVING 82-89 YEARS UNEXPIRED

Auction Date

Thursday, 8th February 2018 11:00am

Location & Description

Thirty two freeholds comprising pairs of flats/maisonettes (64 in total) all within walking distance of each other in Chalford Walk (a cul-de-sac), Broadmead Road and Chigwell Road.

Result

Lot 65 - Sold £8,500 Lot 66 - Sold £14,500 Lot 67 - Sold 9,000 Lot 68 - Sold £20,750 Lot 69 - Sold £17,500 Lot 70 - Sold £19,000 Lot 71 - Sold £7,000 Lot 72 - Sold £6,000 Lot 73 - Sold £8,500 Lot 74 - Sold £21,750 Lot 75 - Sold £14,750 Lot 76 - Sold £22,250 Lot 77 - Sold £8,500 Lot 78 - Sold £15,000 Lot 79 - Sold £8,000 Lot 80 - Sold £13,000 Lot 81 - Sold £8,000 Lot 82 - Sold £12,250 Lot 83 - Sold £9,000 Lot 84 - Sold £23,250 Lot 85 - Sold £11,500 Lot 86 - Sold £16,500 Lot 87 - Sold £16,000 Lot 88 - Sold £11,000 Lot 89 - Sold £19,000 Lot 90 - Sold £17,000 Lot 91 - Sold £18,000 Lot 92 - Sold £11,500 Lot 93 - Sold £17,500 Lot 94 - Sold £18,000 Lot 95 - Sold £15,000 Lot 96 - Sold £10,500

Accommodation

LOT Address Term in Years Rent p.a. Guide Price
65 1 Chalford Walk IG8 8PH 99 from 01.01.2006 £100 p.a. rising by £100 every 33 years - 87 years left £4,000-£4,500
3 Chalford Walk IG8 8PH 999 from 24.06.1957 £5.25 p.a.
66 5 Chalford Walk IG8 8PH 125 from 01.01.2014 £250 p.a. doubling every 33 years (max £2,000 p.a.) £8,000 - £8,500
7 Chalford Walk IG8 8PH 99 from 01.01.2004 £100 p.a. rising by £100 every 33 years - 85 years left
67 11A & 15 Chalford Walk IG8 8PH Both are 125 from 01.01.2014 Both £250 p.a. doubling every 33 years (max £2,000 p.a.) £8,500 - £9,000
68 17 Chalford Walk IG8 8PH 99 from 01.01.2005 £100 p.a. rising by £100 every 33 years - 86 years left £8,000 - £8,500
19 Chalford Walk IG8 8PH 125 from 01.01.2014 £250 p.a. doubling every 33 years (max £2,000 p.a.)
69 21 Chalford Walk IG8 8PH 99 from 01.01.2004 £100 p.a. rising by £100 every 33 years - 85 years left £8,000 - £8,500
23 Chalford Walk IG8 8PH 99 from 24.06.2003 £100 p.a. rising by £100 every 33 years - 84 years left
70 25 & 27 Chalford Walk IG8 8PH Both are 99 from 24.06.2003 Both £100 p.a. rising by £100 every 33 years - 84 years left £8,000 - £8,500
71 29 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.) £4,000 - £4,500
31 Chalford Walk IG8 8PH 999 from 24.06.1956 £4.20 p.a.
72 37 Chalford Walk IG8 8PH 125 from 01.01.2014 £250 p.a. doubling every 33 years (max £2,000 p.a.) £4,000 - £4,500
39 Chalford Walk IG8 8PH 999 from 29.09.1956 £5.25 p.a.
73 41 & 43 Chalford Walk IG8 8PH Both are 125 from 01.01.2012 Both £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,500 - £9,000
74 45 & 47 Chalford Walk IG8 8PH Both are 99 from 01.01.2006 Both £100 rising by £100 every 33 years - 87 years left £8,000 - £8,500
75 49 Chalford Walk IG8 8PH 99 from 01.01.2006 £100 p.a. rising by £100 every 33 years - 87 years left £8,000 - £8,500
51 Chalford Walk IG8 8PH 125 from 01.01.2014 £250 p.a. doubling every 33 years (max £2,000 p.a.)
76 53 Chalford Walk IG8 8PH 99 from 28.11.2003 £100 p.a. rising by £100 every 33 years - 85 years left £8,000 - £8,500
55 Chalford Walk IG8 8PH 125 from 01.01.2014 £250 doubling every 33 years (max £2,000 p.a.)
77 57 & 59 Chalford Walk IG8 8PH Both are 125 from 01.01.2014 Both £250 p.a. doubling every 33 years (max £2,000 p.a.) £8,500 - £9,000
78 61 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,000 - £8,500
63 Chalford Walk IG8 8PH 99 from 01.01.2008 £100 p.a. rising by £100 every 33 years - 88 years left
79 65 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,500 - £9,000
67 Chalford Walk IG8 8PH 125 from 01.01.2011 £250 p.a. doubling every 33 years (max £1,000 p.a.)
80 69 Chalford Walk IG8 8PH 99 from 01.01.2008 £100 p.a. rising by £100 every 33 years - 88 years left £8,000 - £8,500
71 Chalford Walk IG8 8PH 125 from 01.01.2011 £250 p.a. doubling every 33 years (max £1,000 p.a.)

Accommodation

LOT Address Term in Years Rent p.a. Guide Price
81 2 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,500 - £9,000
4 Chalford Walk IG8 8PH 125 from 01.01.2011 £250 p.a. doubling every 33 years (max £1,000 p.a.)
82 10 & 12 Chalford Walk IG8 8PH Both 99 from 01.01.2006 £100 p.a. rising by £100 every 33 years - 87 years left £8,000 - £8,500
83 14 Chalford Walk IG8 8PH 99 from 01.01.2008 £100 p.a. rising by £100 every 33 years - 89 years left £8,000 - £8,500
16 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.)
84 18 Chalford Walk IG8 8PH 99 from 01.01.2005 £100 p.a. rising by £100 every 33 years - 86 years left £8,000 - £8,500
20 Chalford Walk IG8 8PH 125 from 01.01.2014 £250 p.a. doubling every 33 years (max £2,000 p.a.)
85 26 Chalford Walk IG8 8PH 99 from 01.01.2004 £100 p.a. rising by £100 every 33 years - 85 years left £4,000 - £4,500
28 Chalford Walk IG8 8PH 999 from 24.06.1956 £5.25 p.a.
86 50 & 52 Chalford Walk IG8 8PH Both are 99 from 01.01.2008 Both £100 p.a. rising by £100 every 33 years - 89 years left £8,000 - £8,500
87 58 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,000 - £8,500
60 Chalford Walk IG8 8PH 99 from 01.01.2004 £100 p.a. rising by £100 every 33 years - 85 years left
88 62 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,000 - £8,500
64 Chalford Walk IG8 8PH 99 from 24.06.2003 £100 p.a. increasing by £100 every 33 years - 84 years left
89 66 Chalford Walk IG8 8PH 99 from 01.01.2005 £100 p.a. rising by £100 every 33 years - 86 years left £8,000 - £8,500
68 Chalford Walk IG8 8PH 99 from 24.06.2003 £100 p.a. rising by £100 every 33 years - 84 years left
90 70 Chalford Walk IG8 8PH 99 from 24.06.2003 £100 p.a. rising by £100 every 33 years - 84 years left £8,000 - £8,500
72 Chalford Walk IG8 8PH 125 from 01.01.2012 £250 p.a. doubling every 33 years (max £1,000 p.a.)
91 284 Broadmead Road IG8 8PF 125 from 01.01.2011 £250 p.a. doubling every 33 years (max £1,000 p.a.) £8,000 - £8,500
286 Broadmead Road IG8 8PF 99 from 01.01.2004 £100 p.a. rising by £100 every 33 years - 85 years left
92 288 Broadmead Road IG8 8PF 99 from 01.01.2005 £100 p.a. rising by £100 every 33 years - 86 years left £5,500 - £6,000
290 Broadmead Road IG8 8PF 99 from 01.01.2010 £100 p.a. rising by £100 every 33 years
93 292 Broadmead Road IG8 8PF 99 from 01.01.2005 £100 p.a. rising by £100 every 33 years - 86 years left £8,000 - £8,500
294 Broadmead Road IG8 8PF 99 from 01.01.2007 £100 p.a. rising by £100 every 33 years - 88 years left
94 296 Broadmead Road IG8 8PF 99 from 01.01.2004 £100 p.a. rising by £100 every 33 years - 85 years left £8,000 - £8,500
298 Broadmead Road IG8 8PF 99 from 01.01.2006 £100 p.a. rising by £100 every 33 years - 87 years left
95 333 & 335 Chigwell Road IG8 8PL Both are 99 from 24.06.2002 £100 p.a. rising by £100 every 25 years (max £300 p.a.) - 82 years left £8,000 - £8,500
96 337 Chigwell Road IG8 8PL 125 from 01.01.2011 £250 p.a. doubling every 33 years (max £1,000 p.a.) £6,500 - £7,000
339 Chigwell Road IG8 8PL 99 from 01.01.2010 £150 p.a. doubling every 33 years

Legal Documents

LOT Legal Document

Addendum

Lot 65 - The guide price is £4,000-£4,500. Lot 69 - For flat 23 the rent increases every 25 years Lot 70 - The ground rents increase every 25 years Lot 71 - The lease for flat 31 was varied so the rent is £100 p.a. (rising) and the guide price is now £5,500 plus. Lot 72 - The lease for flat 39 was varied so the rent is £100 p.a. (rising) and the guide price is now £5,500 plus. Lot 74 - Notwithstanding the special conditions the title number is EGL536922, the current tenant is Chalford Walk Limited and 47 is for 99 years. The contract copies are updated accordingly. Lot 76 - The rent for Flat 53 rises every 25 years Lot 78 - The lease for flat 63 has 89 years unexpired Lot 80 - The lease for flat 69 has 89 years unexpired Lot 88 - The rent for flat 64 increases every 25 years Lot 92 - For 290 the ground rent is £150 p.a. doubling every 33 years. Lot 95 - The leases have just over 83 years unexpired

* 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.