LOT 47

21 - 35 Thames Close, Heatherlands, Ferndown, DORSET, BH22 8XA

FREEHOLD GROUND RENT INVESTMENT
Result: Refer to auctioneer Guide price: £35,000 plus*

Auction Date

Monday, 25th March 2019 11:00am

Location & Description

A ground rent investment secured upon 8 self-contained purpose built flats and car parking spaces within two blocks on the north side of Thames Close, a cul-de-sac in a residential estate within the small town of Ferndown which lies at the junction of the A31 and Ringwood Road, approximately 12 miles north of Bournemouth.

Accommodation

Flats 21,23,25,29 & 35: Five flats sold on leases for 189 years from June 1974 at £250 p.a. until July 2024 thereafter increasing by £50 p.a. every 10 years.
Flat 27: 167 years from June 1974 at £250 p.a. until July 2024 thereafter increasing by £50 p.a. every 10 years.
Flat 31: 163 years from June 1974 at £250 p.a. until July 2024 thereafter increasing by £50 p.a. every 10 years.
Flat 33: 168 years from June 1974 at £250 p.a. until July 2024 thereafter increasing by £50 p.a. every 10 years.

EQUIVALENT TO £2,000 p.a.

Status

* 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.