LOT 57

28 Coombe Road, Croydon, Surrey, CR0 1BP

FREEHOLD GROUND RENT INVESTMENT –
5 FLATS, 2 LEASES WITH 64½ YEARS UNEXPIRED
Result: Sold for £33,500 Guide price: £23,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A detached property comprising 5 self-contained flats on the south side of the A212 Coombe Road, opposite the junction with Chatsworth Road and about ½ mile from South Croydon mainline station.

Accommodation

Second Floor (Flat D): 229 years from 24.06.1984 at a current ground rent of £250 p.a. rising to £500 p.a. for the second 50 years and £1,000 p.a. for the remainder of the term.
First Floor (Flat 2): About 199 years from 19.05.2014 at a current ground rent of £250 p.a. rising to £500 p.a. for the second 50 years and £1,000 p.a. for the remainder of the term.
Ground Floor Flat: 99 years from 24.06.1984 (about 64½ years unexpired) at a current ground rent of £60 p.a. rising to £120 p.a. for the final 33 years of the term.
Front Basement Flat: 200 years from 24.06.1984 at a current ground rent of £250 p.a. rising to £500 p.a. for the second 50 years and £1,000 p.a. for the remainder of the term.
Rear Basement Flat: 99 years from 24.06.1984 (about 64½ years unexpired) at a current ground rent of £60 p.a. rising to £120 p.a. for the final 33 years of the term.

EQUIVALENT TO £870 p.a. WITH 2 LEASES HAVING ABOUT 64½ YEARS UNEXPIRED

Status

Sold for £33,500

Addendum

There is a Right to Manage company known as "28 Coombe Road RTM Company Ltd".

* 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.