22 x Freehold Ground Rents

Ref: Lot 39

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Town & Country Property Auctions London
Town & Country Property Auctions London

Unconditional Lot


UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.

Description

Town and Country Property Auctions are pleased to offer for sale this investment opportunity to acquire several freehold ground rents, each with their own leases as follows:

Gloucester Road, London, N18 1HL – No's: 14, 16, 18, 20 and 28.
6 terraced Victorian houses each let on a lease for a term of 170 years from December 1931 (78 years unexpired) at £5.60 per annum each.

Pegley Gardens, London, SE12 0PZ
The property comprises 4 properties - No's 6, 10, 12, 14 together with 9 lock-up garages. The houses and garages are all let on separate 999 leases from 1961. Rent - £15.00 each. To include associated common parts and service road.

Lock-up Garages in Pembroke Road, Ruislip – entrance adjacent to Pembroke Court, Ruislip HA4 8ND.
Three lock-up garages on a small plot of land. Each is separately let on a lease for a term of 99 years from 25th March 1965 (41 years unexpired). Rent - £5 per annum.

48 Bassein Park Road, London, W12 9RZ
Terraced house – let for 999 years from September 1879 at £8.00 per annum.

We advise all interested parties to review the legal pack for further information.

Please note that the photo is for illustration purposes only. The property is not for sale.

Disclaimer:
Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.

EPC

N/A

Tenure

Freehold

For sale by online auction on 28 November 2024
Bidding opens at 10:00am and closes from 12:00 noon
Freehold Ground Rents Only
Investment Opportunity
For Sale As 1 Lot
See Legal Pack For Further Details

Buyers Premium

Plus Fees


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

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