*Guide | £45,000+ (plus fees)
- Block of Apartments
- 3 Bedrooms
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Freehold Reversionary Ground Rent Investment Secured Upon Two Self-Contained Flats with 61 Years Remaining on Each Flat
The property comprises a mid terrace building arranged to provide two self-contained flats over ground and first floors.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Markfield Park are within easy reach. Transport links are provided by Seven Sisters underground station (Victoria line).
Tenancy
Each flat is sold off on a 99 year lease from 24th June 1985 (thus approximately 61 years unexpired) at a ground rent of £50 per annum.
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Further Information
A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rig
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
