LOT 42

113, 115, 117 & 119 Horns Road, Ilford, Essex, IG6 1DG

FREEHOLD GROUND RENT INVESTMENT - 4 FLATS,
3 LEASES WITH 78½ YEARS UNEXPIRED ON A LARGE CORNER SITE
Result: Sold for £52,000 Guide price: £34,000 plus*

Auction Date

Monday, 25th March 2019 11:00am

Location & Description

A large detached property on a corner site comprising four self-contained flats each with own street door. On the west side of Horns Road on the corner with Hamilton Avenue reached from Eastern Avenue (A12) less than ½ mile from Newbury Park underground station (Central line).

Accommodation

113: 99 years from 01.09.1998 at £350 p.a.
(reviewed each time the flat is sold)
Approximately 78½ years unexpired.
115: 99 years from 01.09.1998 at £250 p.a.
(doubling every 33 years)
Approximately 78½ years unexpired.
117: 99 years from 27.10.2015 at £350 p.a.
(doubling every 33 years)
119: 99 years from 01.09.1998 at £745 p.a.
(reviewed each time the flat is sold)
Approximately 78½ years unexpired.

EQUIVALENT TO £1,695 p.a. WITH 3 LEASES HAVING ABOUT 78½ YEARS UNEXPIRED.
THE SITE HAS DEVELOPMENT POTENTIAL (SUBJECT TO CONSENT AND NEGOTIATION).

Status

Sold for £52,000

* 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.