LOT 51

9,11,13 & 15 Laburnham Close, Upminster, Essex, RM14 1JA

FREEHOLD GROUND RENT INVESTMENT - 4 FLATS - 2 LEASES WITH ABOUT 44 YEARS UNEXPIRED

Result: Available for £109,000 Guide price: £100,000 - £105,000*

Auction Date

Thursday, 20th February 2020 12:00pm

A large detached block comprising four self-contained flats in this cul-de-sac off Laburnham Gardens in a semi-rural location. Easily reached via Front Lane from the Southend Arterial Road near Junction 29 of the M25. Upminster mainline and underground station (District line) is just over a mile away.

Accommodation

Flat 9: 99 years from 24.06.1965 at £15 p.a.
Approximately 44 years unexpired

Flat 11: 189 years from 25.03.2000 at a peppercorn.

Flat 13: 99 years from 24.06.1965 at £15 p.a.
Approximately 44 years unexpired

Flat 15: 99 years from 15.02.2000 at £80 p.a.
Approximately 79 years unexpired

EQUIVALENT TO £110 p.a. WITH TWO LEASES HAVING ABOUT 44 YEARS UNEXPIRED

Status

Available for £109,000

Addendum

The guide price is now £105,000 - £110,000

* 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.