6 Gatling Road, Abbey Wood, SE2 0RF
FREEHOLD GROUND RENT INVESTMENT – 2 FLATS, 1 LEASE WITH 53½ YEARS UNEXPIRED
Wednesday, 6th February 2019 11:00am
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.
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
Ground Floor Flat: The term is 170 years from 02.07.1973.