LOT 51

61E-H Allnutts Road, Epping, Essex, CM16 7BE

FREEHOLD GROUND RENT INVESTMENT COMPRISING 4 FLATS - 1 WITH 84 YEARS UNEXPIRED

Result: Sold for £13,000 Guide price: £8,000 - £9,000*

Auction Date

Thursday, 8th April 2021 12:00pm

Epping is an attractive market town in the Epping Forest district of Essex just to the north-west of the M25/M11 junction. A detached development of 4 self-contained flats with parking and garden areas in the cul-de-sac part of Allnutts Road and reached via a shared vehicular accessway. To the south of central Epping with the underground station (Central line) a short drive away

Accommodation

Four flats each sold on a ground lease as follows:
61E: 125 years from 25.03.2006 at £150 p.a. (doubling every 25 years).
61F: 189 years from 25.03.2006 at a peppercorn
61G: 137 years from 25.03.2006 at £150 p.a. (doubling every 25 years).
61H: 99 years from 25.03.2006 at £200 p.a. (rising every 25 years) - About 84 years unexpired.
Please see each lease for the demise of the parking spaces and garden areas.

EQUIVALENT TO £500 p.a. (RISING EVERY 25 YEARS) & WITH ONE LEASE HAVING ABOUT 84 YEARS UNEXPIRED.

Note

1. Auction Surveyor: Ian Mann
Contact 020 8509 4407
2. With ground rent investments of this type no internal appointments are arranged and keys are not provided to any parts.

Status

Sold for £13,000

* 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.