LOT 48

37 & 39 Twickenham Road, Leytonstone, E11 4BN

FREEHOLD GROUND RENT INVESTMENT -
2 MAISONETTES, 1 LEASE WITH 52 YEARS UNEXPIRED
Result: Sold for £77,000 Guide price: £60,000 - £65,000*

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 the A106 Grove Green Road. Stratford lies about 2 miles to the south.

Accommodation

Upper Maisonette (37): 99 years from 01.01.2001 (about 81 years unexpired) at a current ground rent of £125 p.a. doubling every 25 years.
Lower Maisonette (39): 80 years from 25.03.1991 (about 52 years unexpired) at a current ground rent of £250 p.a. rising to £750 p.a. for the final 30 years of the term.

EQUIVALENT TO £375 p.a. WITH FIXED INCREASES AND ONE LEASE HAVING ABOUT 81 YEARS UNEXPIRED & ONE LEASE ABOUT 52 YEARS UNEXPIRED

Status

Sold for £77,000

* 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.