LOT 43

1-16 Lynne Court, Brockley View, Forest Hill, SE23 1SW

FREEHOLD GROUND RENT INVESTMENT - 16 FLATS, 2 LEASES WITH 34 YEARS UNEXPIRED
Result: Sold for £150,000 Guide price: £180,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A large development of 16 flats in 4 main blocks, partly in a courtyard setting with frontages to both Brockley View and Montem Road.
Honor Oak Park and Catford mainline stations are each a few minutes walk away.

Accommodation

Flats 8 & 14: Each 99 years from 25.12.1953 at £8.40 p.a.
Approximately 34 years unexpired.
Flats 1,2,3,4,6,9 &13: Each 125 years from 29.09.1990 at £200 p.a. (doubling every 25 years).
Flats 5 & 15: Each 125 years from 29.09.1993 at £200 p.a. (rising every 25 years).
Flat 10: 125 years from 25.03.1997 at £100 p.a. (doubling every 25 years).
Flat 11: 125 years from 25.03.2000 at £100 p.a. (rising every 25 years).
Flat 7 & 16: 125 years from 31.07.2003 at £100 p.a. (rising every 25 years).
Flat 12: 125 years from 15.01.2003 at £100 p.a. (rising every 25 years).

EQUIVALENT TO £2,316.80 p.a. WITH 2 LEASES HAVING ABOUT 34 YEARS UNEXPIRED.

Status

Sold for £150,000

Joint Auctioneer

McDowalls

McDowalls Tel: 020 8472 4422 Ref: Chris Baker

* 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.