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Lot 15 - FREEHOLD REVERSIONARY GROUND RENT INVESTMENT - 3 YEARS UNEXPIRED

88 Wood Lane, Dagenham, Essex, RM9 5SL

Sold prior to auction, for an undisclosed amount
Thu Sep 12 2024
11:00am

Property Description

A mid terrace property comprising a ground floor shop with separate rear access to a self-contained flat above. Located at the junction with the A1153 Porters Avenue and forming part of a local parade serving the surrounding residential area and about a mile from Becontree underground station (District line). Dagenham lies about 13 miles east of Central London.

(Not inspected)

Ground Floor Shop:
471 sq ft (43.8 sq m) - Based on VOA
First & Second Floor Flat:
Understood to be a 2 bed
882 sq ft (82 sq m) - Based on EPC

Entire property is let on a repairing and insuring lease to Turnmill Properties Ltd for 99 years from 29.09.1928 (3 years unexpired) at a ground rent of £20 p.a.

REVERSION IN 3 YEARS

Shop = D Flat = D

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

* 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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