LOT 56

6 Gatling Road, Abbey Wood, SE2 0RF

FREEHOLD GROUND RENT INVESTMENT –
2 FLATS, 1 LEASE WITH 53½ YEARS UNEXPIRED
Result: Sold for £26,000 Guide price: £24,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A mid terrace property comprising two self-contained flats in a residential area west of Wickham Lane and south of the A206 Plumstead High Street. Abbey Wood and Plumstead mainline stations are about a mile away.

Accommodation

First Floor Flat: 99 years from 01.06.1973 (about 53½ years unexpired) at a current ground rent of £60 p.a. rising by £10 every 10 years.

Ground Floor Flat: 125 years from 01.08.2018 at a current ground rent of £270 p.a. subject to rent reviews in 2028 and 10 yearly based on RPI.

EQUIVALENT TO £330 p.a. WITH ONE LEASE HAVING ABOUT 53½ YEARS UNEXPIRED

Status

Sold for £26,000

Addendum

Ground Floor Flat: The term is 170 years from 02.07.1973.

* 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.