LOT 38

29 & 31 Ruskin Road, Carshalton, Surrey, SM5 3DD

FREEHOLD GROUND RENT INVESTMENT
Result: Sold for £20,000 Guide price: £15,000 - £20,000*

Auction Date

Tuesday, 27th March 2018 11:00am

Location & Description

A ground rent investment secured upon two purpose built maisonettes.

Located on the north side of Ruskin Road opposite the entrance to Carshalton Park within an attractive residential area, approximately 250 metres south of the A232 and Carshalton town centre.

Accommodation

29 Ruskin Road: Sold on a 125 year lease at a ground rent of £195 doubling every 25 years.

31 Ruskin Road: Sold on a 99 year lease from December 1975 at a current ground rent of £60 p.a. Thus having some 56 years unexpired.

EQUIVALENT TO £255 p.a.

Status

Sold for £20,000

Joint Auctioneer

Symingtons Tel: 020 8288 9100

* 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.