LOT 19

Ground Rents at Downs Grove & Seaview Avenue, Basildon, Essex, SS16 4QL

FREEHOLD GROUND RENT INVESTMENT - 12 FLATS

Result: Sold for £28,500 Guide price: £8,000 - £8,250*

Auction Date

Thursday, 20th February 2020 12:00pm

Three separate blocks comprising 12 flats in total located in this cul-de-sac off London Road which is easily reached via the Stanford-le-Hope bypass section of the A13. Basildon mainline station is approximately two miles away.

Accommodation

1,3,5,7,9,11,15&17 Downs Grove: 125 years from 01.04.1991 at a fixed ground rent of £35 p.a.

26,28,30&32 Seaview Avenue: 125 years from 01.04.1991 at a fixed ground rent of £35 p.a.

EQUIVALENT TO £420 p.a. WITH EACH LEASE HAVING 96 YEARS UNEXPIRED

Status

Sold for £28,500

Joint Auctioneer

Richard Milliken

Hilbery Chaplin 01709 745 000 Ref: Richard Milliken

* 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.