109 & 111 Twickenham Road, Leytonstone, E11 4BN
FREEHOLD GROUND RENT INVESTMENT – 2 MAISONETTES, 1 LEASE WITH 46 YEARS & 1 WITH 58 YEARS UNEXPIRED
Wednesday, 6th February 2019 11:00am
A mid terrace property comprising two self-contained maisonettes in a residential area off Francis Road which links with the A112 High Road Leyton and the A106 Grove Green Road. Stratford lies about 2 miles to the south.
First Floor Maisonette (109): 99 years from 29.09.1977 (about 58 years unexpired) at a current ground rent of £40 p.a. rising by £20 every 25 years.
Ground Floor Maisonette (111): 80 years (less 92 days) from 01.01.1985 (about 46 years unexpired) at a current ground rent of £100 p.a. rising to £150 p.a. for the final 30 years of the term.
EQUIVALENT TO £140 p.a. WITH FIXED INCREASES AND ONE LEASE HAVING ABOUT 46 YEARS UNEXPIRED & ONE LEASE ABOUT 58 YEARS UNEXPIRED