LOT 40

18 Donovan Avenue, Muswell Hill, N10 2JX

FREEHOLD GROUND RENT INVESTMENT
Guide price: £60,000 plus*

Auction Date

Monday, 25th March 2019 11:00am

Location & Description

A ground rent investment secured upon 4 flats within a period residential conversion. Located on the north side of Donovan Avenue, a residential road approximately ¼ mile east of Muswell Hill Broadway at its junction with Dukes Avenue.

Accommodation

Flat 1: Sold on long lease for approximately 150 years at a peppercorn
Flat 2: Sold on long lease for 99 years from September 1972 at £30 p.a. Approximately 53 years unexpired.
Flat 3: Sold on a long lease for approximately 150 years at a peppercorn
Flat 4: Sold on a long lease for approximately 150 years at a peppercorn

EQUIVALENT TO £30 p.a. WITH ONE LEASE HAVING APPROXIMATELY 53 YEARS UNEXPIRED

* 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.