LOT 41

189 Richmond Road, Kingston upon Thames, Surrey, KT2 5DD

FREEHOLD GROUND RENT INVESTMENT - 4 FLATS, 1 LEASE WITH 62 YEARS & 2 LEASES WITH 78 YEARS UNEXPIRED
Result: Sold for £53,000 Guide price: £40,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A large attractive semi-detached property comprising four self-contained flats on the west side of Richmond Road (A307) just to the north of the town centre with its numerous multiple shops and the mainline station and with the famous Hampton Court Palace a short drive away.

Accommodation

189a: 99 years from 25.03.1998 at £100 p.a. (doubling every 33 years).
Approximately 78 years unexpired.
189b: 99 years from 25.03.1998 at £75 p.a. (doubling every 33 years).
Approximately 78 years unexpired.
First Floor Flat 189: 99 years from 25.03.1982 at £100 p.a. (rising).
Approximately 62 years unexpired.
Second Floor Flat 189: 189 years from 25.03.1982 at a peppercorn.

Front garden - used for parking but not demised in leases.
Potential for loft extension (subject to consent).

EQUIVALENT TO £275 p.a WITH ONE LEASE HAVING ABOUT 62 YEARS AND 2 LEASES ABOUT 78 YEARS UNEXPIRED.

Status

Sold for £53,000

Addendum

The special conditions now comprise 9 pages and the property is in a conservation area.

* 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.