Flats 1-4 Forbels, 8 Falmouth Avenue, Highams Park, E4 9QH
FREEHOLD GROUND RENT INVESTMENT - 4 FLATS (2 WITH 82 YEARS UNEXPIRED)
Guide price: £15,000 - £16,000*
Tuesday, 5th December 2017 11:00am
Location & Description
A large detached block comprising four self-contained flats with communal gardens on the corner with Castle Avenue. Just to the west of Chingford Lane (A1009) and within walking distance of Highams Park mainline station.
Each flat is sold off as follows:
Flat 1: 99 years from 24.06.2000 at £100 p.a. - (Approximately 82 years unexpired)
Flat 2: 99 years from 01.01.2007 at £100 p.a.
Flat 3: 99 years from 24.06.2000 at £100 p.a. - (Approximately 82 years unexpired)
Flat 4: 125 years from 01.01.2011 at £250 p.a.
1. Possible long term development potential.
2. See leases for any ground rent reviews.
EQUIVALENT TO £550 p.a. WITH 2 FLATS HAVING ABOUT 82 YEARS UNEXPIRED
There are NEW special conditions which now mention 3 maintenance agreements.