LOT 55

44, 46 & 48 High Street, Ongar, Essex, CM5 9EA

FREEHOLD GROUND RENT INVESTMENT - 3 FLATS - 1 LEASE WITH 50 YEARS UNEXPIRED

Result: Available for £51,000 Guide price: £44,000 plus*

Auction Date

Thursday, 20th February 2020 12:00pm

A large property comprising three self-contained flats on the east side of the High Street with its numerous shops. Chipping Ongar is an attractive small market town and the High Street is in a conservation area.

Accommodation

44: Expires 24.06,2104 at £250 p.a. with parking space
Approximately 84 years unexpired.

46: 99 years from 25.12.2016 at £300 p.a. with parking space

48: 99 years from 25.12.1970 at £15.75 p.a. with parking space.
Approximately 50 years unexpired

EQUIVALENT TO £565.75 p.a. WITH ONE LEASE HAVING 50 YEARS UNEXPIRED

Status

Available for £51,000

Addendum

For flat 44 the lease expires 24.06.2104 (approx 84 years unexpired) and not as printed in the catalogue. The guide price is now £47,000 plus.

* 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.