LOT 48

Forest View, 35 High Street, Sandridge, St. Albans, Hertfordshire, AL4 9DD

FREEHOLD GROUND RENT INVESTMENT

Result: Sold for £45,500 Guide price: £40,000 - £45,000*

Auction Date

Wednesday, 17th February 2021 12:00pm

A newly converted development comprising 12 properties within the heart of this historic village, close to the countryside and Heartwood Forest. Sandridge lies about 2½ miles from St. Albans city centre. St. Albans is an historic and attractive city about 20 miles north of central London and has good road links via the M1 and M25.

Tenancy Details

Each property is sold on a 125 year lease from 2017-2020

Ten are let at a current grount rent of £250 p.a. each doubling every 25 years.

One is let at a fixed ground rent of £200 p.a.

One is let at a current ground rent of £250 p.a. which is reviewed every 25 years based on RPI.

EQUIVALENT TO £2,950 p.a.

Note

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £45,500

* 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.