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Home » Property Search » Auctions » Current Auction » 4 Chester Road, Tottenham, N17 6BY

Lot 39 - 4 Chester Road, Tottenham, N17 6BY

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £20,000 - £25,000 *

Auction Date

Tuesday, 27th March 2018 11:00am

Location & Description

A ground rent investment secured upon two flats within a terraced residential conversion.

Located on the north side of Chester Road within a residential area approximately ¼ mile west of Bruce Grove and High Road, Tottenham and Bruce Grove mainline station.

Accommodation

First Floor: Sold on a 99 year lease from June 1982 at a current ground rent of £75 p.a.

Ground Floor: Sold on a 189 year lease from December 1992 at a peppercorn if demanded

EQUIVALENT TO £75 p.a.

Result

Sold for £36,000

* 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.