LOT 50

105 & 107 Scotts Road, Leyton, E10 6LN

FREEHOLD GROUND RENT INVESTMENT -
2 MAISONETTES, 1 LEASE WITH 57 YEARS UNEXPIRED
Result: Sold for £52,000 Guide price: £40,000 - £45,000*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A mid terrace property comprising two self-contained maisonettes in a residential area off Francis Road which links with the A112 High Road Leyton and about ½ mile from Leyton Midland Road mainline station.

Accommodation

Upper Maisonette (105): A term from 14.09.2012 to 15.05.2186 at a current ground rent of £200 p.a. doubling every 25 years.
Lower Maisonette (107): 99 years from 01.03.1977 (about 57 years unexpired) at a current ground rent of £40 p.a. rising by £20 every 25 years.

EQUIVALENT TO £240 p.a. WITH FIXED INCREASES AND ONE LEASE HAVING ABOUT 57 YEARS UNEXPIRED

Status

Sold for £52,000

* 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.