LOT 52

273 & 275 Violet Lane, Croydon, Surrey, CR0 4HN

FREEHOLD GROUND RENT INVESTMENT - 2 FLATS - 1 LEASE WITH 39 YEARS UNEXPIRED

Result: Sold for £55,000 Guide price: £48,000 PLUS*

Auction Date

Thursday, 20th February 2020 12:00pm

A large semi-detached property comprising two self-contained purpose-built flats with integral garages. On the east side of Violet Lane just over a mile to the south of Croydon town centre and ½ mile from Waddon mainline station.

Accommodation

273 Upper Flat: 99 years from 24.06.1960 at £10.50 p.a. with garage
Approximately 39 years unexpired

275 Lower Flat: 150 years from 24.06.1998 at £60 p.a. (rising) with garage

EQUIVALENT TO £70.50 p.a. (rising) WITH ONE LEASE HAVING 39 YEARS UNEXPIRED

Note

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

Status

Sold for £55,000

Addendum

The guide price is £50,000 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.