LOT 53

88 Lansdowne Drive, Hackney, E8 3ER

FREEHOLD GROUND RENT INVESTMENT - 2 FLATS, 1 LEASE WITH 62 YEARS UNEXPIRED
Result: Sold for £45,000 Guide price: £50,000 - £60,000*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A ground rent investment secured upon two 2-bedroom split level flats within a period end of terrace conversion arranged over lower ground, ground and first floors
Located on the west side of Lansdowne Drive close to its junction with Lavender Grove and within the Graham Road and Mapledene conservation area. London Fields mainline station is approximately ¼ mile to the east.

Accommodation

88A Upper Flat: 99 years from April 2018 at a peppercorn
88B Lower Flat: 99 years from June 1982 at £75 p.a.
About 62 years unexpired.

Note

We understand the lessees have reserved their rights.

EQUIVALENT TO £75 p.a. WITH ONE LEASE HAVING ABOUT 62 YEARS UNEXPIRED

Status

Sold for £45,000

* 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.