LOT 45

1A-H Bycullah Road, Enfield, Middlesex, EN2 8EE

FREEHOLD GROUND RENT INVESTMENT - 8 FLATS, 1 LEASE WITH 61 YEARS UNEXPIRED
Result: Sold for £46,000 Guide price: £38,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A total of 8 self-contained flats in a pair of detached adjacent blocks on the east side of Bycullah Road just off Windmill Hill (A110).
Enfield town centre with its numerous multiple shops and Enfield Chase mainline station are a few minutes walk away.

Accommodation

1a: 189 years from 25.03.1981 at £350 p.a. (at least doubling every 33 years from March 2016).
1b: 125 years from 13.07.2001 at £50 p.a. (doubling every 25 years).
1c: 189 years from 25.03.1981 at £50 p.a.
1d: 125 years from 16.06.2000 at £50 p.a. (doubling every 25 years).
1e: 189 years from 29.09.1956 at a peppercorn.
1f : 125 years from 06.08.1999 at £50 p.a. (doubling every 25 years).
1g: 99 years from 25.03.1981 at £100 p.a. (rising)
Approx. 61 years unexpired.
1h: 189 years from 29.09.1956 at £250 p.a. (rising).

EQUIVALENT TO £900 p.a. WITH ONE LEASE HAVING ABOUT 61 YEARS UNEXPIRED

Status

Sold for £46,000

* 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.