LOT 50

307 New Kings Road, Fulham, SW6 4RF

FREEHOLD GROUND RENT INVESTMENT COMPRISING 5 FLATS WITH LAPSED PLANNING PERMISSION FOR ADDITIONAL FLAT

Result: Sold for £69,000 Guide price: £9,500 Plus*

Auction Date

Thursday, 8th April 2021 12:00pm

BY ORDER OF P Joseph and P Waterfield as LPA Receivers

A large terraced property in a parade of shops but now comprising 5 flats, with 1 having been created from the shop and another now known as 2 Cortayne Road. On the south-east side of the busy and well known New Kings Road (A308) in a popular part of south-west London just north of the Thames in the Parson's Green district of Fulham. Shops, bars, restaurants and cafés are all close by as are the underground stations at Parson's Green, Fulham Broadway and Putney Bridge with Chelsea's football stadium being a few minutes drive.

Accommodation

5 flats sold on long leases as follows:
Flats 1,2 & 3 each extended to 2163 (142 years unexpired) at a peppercorn.
Flat 4 (now known as 2 Cortayne Road ) - 142 years unexpired at £250 p.a.
Flat 5 - 142 years unexpired at £250 p.a.

EQUIVALENT TO £500 p.a. WITH LAPSED PLANNING PERMISSION FOR AN ADDITIONAL FLAT

Planning

GRANTED but now lapsed 15.08.2016 (ref 2016/03693/FUL) for an additional floor at roof level and railings to form a roof terrace in connection with the conversion of the existing 2 bedroom flat at the second floor into TWO FLATS AT SECOND & THIRD FLOOR LEVELS

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407

Status

Sold for £69,000

* 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.