LOT 40

80/80A London Road, Plaistow, E13 0DD

FREEHOLD GROUND RENT INVESTMENT -
2 FLATS - 1 LEASE WITH 54 YEARS UNEXPIRED
Result: Sold for £31,000 Guide price: Sold*

Auction Date

Wednesday, 11th September 2019 12:00pm

Location & Description

A mid-terrace property comprising two self-contained flats in a residential area south of the A112 Plaistow Road/High Street and about ¼ mile from Plaistow underground station (District and Hammersmith & City lines).

Accommodation

First Floor Flat (80A): 125 years from 10.12.2018 at a current ground rent of £250 p.a. doubling every 25 years.
Ground Floor Flat (80): 99 years from 06.12.1974 (about 54 years unexpired) at a current ground rent of £30 p.a. rising by £10 every 25 years.

EQUIVALENT TO £280 p.a. WITH ONE LEASE HAVING ABOUT 54 YEARS UNEXPIRED

Purchaser Fee Invoice Number

A080825

Status

Sold for £31,000

* 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.