LOT 12

48 Church Road, Mitcham, Surrey, CR4 3BU

FREEHOLD PROPERTY ARRANGED AS 2 FLATS - ONE LET ON AN ASSURED SHORTHOLD TENANCY & ONE GROUND RENT

Result: Sold for £190,000 Guide price: £190,000 - £200,000*

Auction Date

Wednesday, 17th February 2021 12:00pm

By Order of Executors

A two storey property comprising 2 self-contained flats situated a short distance west of the A217 London Road and about a mile from Mitcham Junction railway station. Mitcham lies about 4 miles from Croydon and 9 miles south of Central London.

Accommodation

First Floor (48b):
2 bedrooms, living room, kitchen, bathroom/toilet
Let on an Assured Shorthold Tenancy for 12 months from 15.11.2019 (holding over) at £1,125 pcm.
Ground Floor (48a): Sold on a 99 year lease from 01.04.2011 (about 89 years unexpired) at a ground rent of £150 p.a. reviewed every 25 years based on RPI.

EQUIVALENT TO £13,650 p.a. (SEE NOTE 1) PLUS VACANT REAR PART OF GARDEN

EPC Rating

D

Note

1. A Section 21 Notice was served on the first floor tenants on 29.09.2020 seeking possession of the flat by 31.03.2021.
2. There may be potential for an extra floor subject to obtaining all necessary consents.
3. The rear part of the garden is not demised to the ground floor lessee.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £190,000

Addendum

1. The internal photos of the first floor flat (shown on the website) were taken prior to when the current letting commenced. 2. The property is within a Conservation Area.

Joint Auctioneer

Dal Sandhu

Kilostate Ref: Dal Sandhu 020 8656 8888

* 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.