LOT 6

2-2A Twyford Court, High Street, Dunmow, Essex, CM6 1AE

LEASEHOLD GROUND RENT INVESTMENT (973 YEARS UNEXPIRED) PLUS PARKING SPACE. CURRENTLY PRODUCING £1,500 PER ANNUM

Result: Sold for £13,000 Guide price: £9,000 plus*

Auction Date

Wednesday, 27th May 2020 12:00pm

A leasehold ground rent investment (973 years) secured upon 9 purpose built flats and one undemised parking space. Located on the east side on High Street Dunmow close to the roundabout with Braintree Road and within walking distance of local shops, Barclays Bank and Co-op food.

Accommodation

Each flat is sold off on a 125 year lease from 1/1/17 paying a total of £1,500 pa reviewed every 10 years to RPI



EQUIVALENT TO £1,500 p.a

Lease Details

999 years (Headlease) from 31/3/1994 at a peppercorn ground rent

Note

Auction Surveyor: Sam Harborne
Contact: 020 8509 4414

Status

Sold for £13,000

* 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.