LOT 47

109 & 111 Twickenham Road, Leytonstone, E11 4BN

FREEHOLD GROUND RENT INVESTMENT –
2 MAISONETTES, 1 LEASE WITH 46 YEARS & 1 WITH 58 YEARS UNEXPIRED
Result: Sold for £129,000 Guide price: £70,000 - £75,000*

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

First Floor Maisonette (109): 99 years from 29.09.1977 (about 58 years unexpired) at a current ground rent of £40 p.a. rising by £20 every 25 years.
Ground Floor Maisonette (111): 80 years (less 92 days) from 01.01.1985 (about 46 years unexpired) at a current ground rent of £100 p.a. rising to £150 p.a. for the final 30 years of the term.

EQUIVALENT TO £140 p.a. WITH FIXED INCREASES AND ONE LEASE HAVING ABOUT 46 YEARS UNEXPIRED & ONE LEASE ABOUT 58 YEARS UNEXPIRED

Status

Sold for £129,000

* 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.