LOT 68

8 Lower Ground Floor Flats, Blocks D1, D2, D3 & E1, E2, E3, Carmine Wharf, 30 Copenhagen Place, Limehouse, E14 7FF

LONG LEASEHOLD GROUND RENT INVESTMENT - 8 FLATS & 2 PARKNG SPACES
Result: Sold for £27,500 Guide price: £25,000 plus*

Auction Date

Tuesday, 16th July 2019 12:00pm

Location & Description

Eight self-contained flats (plus 2 parking spaces) in part of a large modern development. Behind a secure gated vehicular access-way the flats are on the lower ground floors (see photograph) of blocks D and E (5 blocks in total) and are reached via Burdett Road (A1205) close to Commercial Road (A13). Just to the east of the City, Limehouse DLR station is a short walk away.

Accommodation

8 flats each sold on leases until 20.06.2133 at £300 p.a. (doubling in accordance with the Superior lease) and 2 parking spaces each sold on leases until 20.06.2133 at £50 p.a.

Lease Details

125 years from 24.06.2008 at £250 p.a. and also leaseholder pays £35 p.a. for each parking space.

EQUIVALENT TO £2,500 p.a. WITH FLAT GROUND RENTS DOUBLING IN ACCORDANCE WITH THE SUPERIOR LEASE.

Status

Sold for £27,500

* 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.