LOT 60 & 61

FREEHOLD GROUND RENT INVESTMENTS
Guide price: On application*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A ground rent investment secured upon three separate modern detached blocks on either side of Ancient Meadows, a residential cul-de-sac off Tunbridge Lane making up part of a modern residential estate.
Located in the village of Bottisham approximately 6 miles east of Cambridge and 1 mile north of the A14.

Accommodation

Lot 60: 21-31 (odd) Ancient Meadow: Secured upon 6 flats in two blocks each sold on a 125 year lease from June 2007 at an initial ground rent of £200 each (rising).
EQUIVALENT TO £1,200 p.a.

Lot 61: 30-32 Ancient Meadow: 2 flats sold on 125 year leases from June 2007 at £200 p.a. each (rising), 2 additional leases for 125 years from June 2007 at £1 p.a. and 4 car parking spaces at £1 p.a
EQUIVALENT TO £406 p.a.

* 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.