LOT 66

20 Kensington Gardens, Ilford, Essex, IG1 3EL

FREEHOLD GROUND RENT INVESTMENT - 3 FLATS, 2 LEASES WITH 67 YEARS UNEXPIRED
Result: Sold for £40,000 Guide price: £37,000 plus*

Auction Date

Tuesday, 16th July 2019 12:00pm

Location & Description

A large terraced double-fronted property comprising 3 self-contained flats on the north west side of Kensington Gardens off The Drive and just a few minutes drive from central Ilford with the mainline station (scheduled Crossrail) and the North Circular Road (A406).

Accommodation

20a: 99 years from 01.02.2016 at £350 p.a. (doubling every 33 years)
Parking space.

20b: 99 years from 01.06.1987 at £75 p.a. (doubling every 33 years).
Parking space and rear garden.
Approximately 67 years unexpired.

20c: 99 years from 01.06.1987 at £75 p.a. (doubling every 33 years).
Rear garden.
Approximately 67 years unexpired.

EQUIVALENT TO £500 p.a. WITH 2 LEASES HAVING ABOUT 67 YEARS UNEXPIRED.

Status

Sold for £40,000

* 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.