LOT 44

88 A,B,C,D Penge Road, Anerley, SE20 7UL

FREEHOLD GROUND RENT INVESTMENT COMPRISING 4 FLATS - 2 LEASES WITH ABOUT 92 YEARS UNEXPIRED

Result: Sold for £7,000 Guide price: £6,000 - £7,000*

Auction Date

Thursday, 27th May 2021 12:00pm

A large terraced property comprising 4 self-contained flats on the south side of Penge Road (A213). On the borders of Anerley and South Norwood with Birkbeck mainline station a few minutes walk away and the famous Crystal Palace just to the north.

Accommodation

A: 99 years from 29.09.2014 at £200 p.a. About 92 years unexpired.
B: 99 years from 29.09.2014 at £250 p.a. About 92 years unexpired.
C: 189 years from 25.03.1976.
D: 189 years from 25.03.1976.

EQUIVALENT TO £450 p.a. WITH 2 LEASES HAVING ABOUT 92 YEARS UNEXPIRED

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407

Status

Sold for £7,000

Addendum

As per the leases the ground rents rise for Flats A & B

* 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.