273 & 275 Violet Lane, Croydon, Surrey, CR0 4HN
FREEHOLD GROUND RENT INVESTMENT - 2 FLATS - 1 LEASE WITH 39 YEARS UNEXPIRED
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.
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
The freeholder may be able to create a loft extension (subject to obtaining any necessary consents)
The guide price is £50,000 plus.