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''For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Freehold Reversionary Ground Rent Investment Secured Upon Two Self-Contained Flats with 61 Years Remaining on Each Flat
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Markfield Park are within easy reach. Transport links are provided by Seven Sisters underground station (Victoria line).
Description
The property comprises a mid terrace building arranged to provide two self-contained flats over ground and first floors.
Accommodation & Tenancy Schedule
Tenancy
Each flat is sold off on a 99 year lease from 24th June 1985 (thus approximately 61 years unexpired) at a ground rent of £50 per annum.
Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Further Information
A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.
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Full details for 3 Bedroom For Sale in Seven Sisters
Photos
1/1
Description
Guide Price = £45,000+''For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Freehold Reversionary Ground Rent Investment Secured Upon Two Self-Contained Flats with 61 Years Remaining on Each Flat
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Markfield Park are within easy reach. Transport links are provided by Seven Sisters underground station (Victoria line).
Description
The property comprises a mid terrace building arranged to provide two self-contained flats over ground and first floors.
Accommodation & Tenancy Schedule
| Floor | Accommodation | Tenancy | Current Annual Rent |
| Ground Floor Flat | One Bedroom | Held on a 99 year lease from 24 June 1985 | £50 |
| First Floor Flat | Two Bedroom | Held on a 99 year lease from 24 June 1985 | £50 |
Tenancy
Each flat is sold off on a 99 year lease from 24th June 1985 (thus approximately 61 years unexpired) at a ground rent of £50 per annum.
Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Further Information
A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.
There are no internal viewings Back to listing
