#| |# Strettons - 1 - 28 Heath Park Court, Romford, Essex, RM2 5UA

LOT 39

1 - 28 Heath Park Court, Romford, Essex, RM2 5UA

FREEHOLD GROUND RENT INVESTMENT - 28 FLATS
Guide price: £140,000 - £145,000*

Auction Date

Tuesday, 5th December 2017 11:00am

TRUSTEES

Location & Description

A large courtyard development of 28 units with communal parking and gardens. Situated on and set back from, the north side of Heath Park Road, just to the east of central Romford with its mainline station.

Accommodation

16 flats sold on 125 year leases from 01.01.2011 at £250 p.a.
6 flats sold on 125 year leases from 01.01.2012 at £250 p.a.
6 flats sold on 125 year leases from 01.01.2013 at £250 p.a.

Ground rents understood to double every 33 years to a maximum of £1,000 p.a. - Please see leases for confirmation.

EQUIVALENT TO £7,000 p.a.

Status

Sold for £191,000

Addendum

The electricity sub station in the corner of the site has been removed from the Title and so the Title Plan takes priority over that in the catalogue. There are 8 leases from 2011, 9 from 2012 and 11 from 2013.

* 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.