LOT 7

5B Lugard Road, New Cross, SE15 2TD

LONG LEASEHOLD RESIDENTIAL INVESTMENT
Result: Refer to auctioneer Guide price: £225,000 - £240,000*

Auction Date

Wednesday, 11th September 2019 12:00pm

BY ORDER OF AMG

Location & Description

A first floor flat within a terraced conversion located within a quiet residential turning off the south side of Queen's Road, which makes up part of the A2 and is the principle route linking Peckham and Camberwell to New Cross. It is a short distance south of Queen's Road, Peckham mainline and TFL station.

ACCOMMODATION (Not inspected)

We understand the accommodation comprises 2 rooms, kitchen, bathroom/WC.
Subject to an AST for a term of 12 months from June 2019 at £1,050
per month.

Lease Details

99 years from September 1985 at a ground rent of £50 p.a.(approximately 65 years unexpired).

EQUIVALENT TO £12,600 p.a.

EPC Rating

D

Status

* 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.