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Home » Property Search » Auctions » Current Auction » 2 & 2A Falkland Avenue, Finchley Central, N3 1QR

Lot 37 - 2 & 2A Falkland Avenue, Finchley Central, N3 1QR

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FREEHOLD GROUND RENT INVESTMENT

Guide price: £70,000 - £75,000 *

Auction Date

Tuesday, 27th March 2018 11:00am

Location & Description

A ground rent investment secured upon two flats within an end of terrace conversion.
On the north side of Falkland Avenue, close to its junction with Ballards Lane and approximately ½ mile north of Finchley Central underground station (Northern line).

Accommodation

No. 2 Ground Floor: 99 year lease from June 1965 at £12.60 p.a. having approximately 46 years unexpired.
No. 2A First Floor: 125 year lease from January 2017 at £200 p.a.

EQUIVALENT TO £212.60 p.a. and with one lease expiring in approximately 46 years

Result

Sold for £90,500

* 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.