LOT 42

16A,B,C Elms Lane, Wembley, Middlesex, HA0 2NH

FREEHOLD GROUND RENT INVESTMENT COMPRISING 3 FLATS ON LARGE CORNER SITE - 1 LEASE WITH ABOUT 60½ YEARS UNEXPIRED

Result: Sold for £23,000 Guide price: £17,000 - £18,000*

Auction Date

Thursday, 27th May 2021 12:00pm

A large end of terrace property comprising 3 flats on the corner with Homefield Road. Just off Harrow Road (A4005) on the Sudbury/Harrow/Wembley borders with the Sudbury & Harrow Road mainline station a short walk away as is Sudbury Golf Club.

Accommodation

A: 99 years from 25.12.1982 at £100 p.a. - About 60½ years unexpired. A premium of £20,800 was paid in 2015 to extend the lease on flat B. Garden demised.
B: Expires 24.12.2171
C: 125 years from 22.12.2010 at £200 p.a.

EQUIVALENT TO £300 p.a. WITH POSSIBLE LONG TERM DEVELOPMENT POTENTIAL AND WITH 1 LEASE HAVING ABOUT 60½ YEARS UNEXPIRED

Note

1. Auction Surveyor: Ian Mann
Contact: 020 8509 4407
2. Lessees have formed an RTM company.

Status

Sold for £23,000

Addendum

The ground rents rise for flats A and C as per the leases.

* 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.