LOT 59

Florence Court, 157 & 159 Croydon Road, Caterham, Surrey, CR3 6PF

FREEHOLD GROUND RENT INVESTMENT - 6 FLATS - 2 LEASES WITH 62 YEARS UNEXPIRED

Result: Sold for £36,000 Guide price: £18,000 - £20,000*

Auction Date

Thursday, 20th February 2020 12:00pm

A pair of semi-detached properties comprising six flats over lower ground, ground and two upper floors in a popular area about ½ mile from the town centre and Caterham station.

Accommodation

157a: 99 years from 25.12.1982 (about 62 years unexpired) at a current ground rent of £60 p.a.
157b: 198 years from 25.12.1982 at a fixed ground rent of £25 p.a.
157c: 130 years from 25.12.1982 at a current ground rent of £60 p.a.
159a: 132 years from 25.12.1982 at a current ground rent of £60 p.a.
159b: 99 years from 25.12.1982 (about 62 years unexpired) at a current ground rent of £60 p.a.
159c: 198 years from 25.12.1982 at a current ground rent of £60 p.a.

EQUIVALENT TO £325 p.a. WITH TWO LEASES HAVING ABOUT 62 YEARS UNEXPIRED

Note

The freeholder has the Right to Manage the company known as "Florence Court Management (Caterham) RTM Company Limited".

Status

Sold for £36,000

* 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.