LOT 54

9 & 11 Heronslea, Watford, Hertfordshire, WD25 9PN

FREEHOLD GROUND RENT INVESTMENT - 2 FLATS - 1 LEASE WITH 51 YEARS UNEXPIRED

Result: Available for £44,000 Guide price: £40,000 PLUS*

Auction Date

Thursday, 20th February 2020 12:00pm

A semi-detached property comprising two self-contained flats on the north west side of Heronslea in a development of similar properties off Crow Lane. To the north of the A41 and a few miles to the north of central Watford within easy reach of the M1 and M25.

Accommodation

9 Upper Floor: 99 years from 31.10.2008 at £100 p.a. (doubling every 25 years)
Approximately 88 years unexpired
11 Lower Floor: 99 years from 29.03.1972 at £15 p.a.
Approximately 51 years unexpired

EQUIVALENT TO £115 p.a. WITH ONE LEASE HAVING 51 YEARS UNEXPIRED AND ONE HAVING 88 YEARS UNEXPIRED

Note

The freeholder may be able to create a loft extension (subject to obtaining any necessary consents)

Status

Available for £44,000

* 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.