Lot 01 - Portfolio, of Overriding, Leases, London & Greater London

  • Unconditional Online Auction Sale
  • Guide Price* : Starting Bid: £170,000

Portfolio of overriding leases spread across 5 flats/maisonettes in London and the South East. Total income of £355 per annum with excellent reversionary value. Good long term, low risk investment.

Description

Schedule of Leases within portfolio

Ground floor flat, 115 Melfort Road, Thornton Heath, CR7 7RX
99 year lease from 29th September 1974 thus having 54 years remaining
£25 per annum fixed for the term of the lease

First floor flat, 27 Vale Road, Harringay, London N4 1QA
99 year lease from 29th September 1983 thus having 63 years remaining
£100 per annum increasing by £50 at next review (2049)

Ground and lower ground floor maisonette, 75 Allfarthing Lane, Wandsworth, SW19 2AS
99 year lease from 29th September 1983 thus having 63 years remaining
£100 per annum increasing by £50 at next review (2049)

Lower maisonette, 4a Oakmead Road, Balham, London SW12 9SL
99 year lease from 25th December 1973 thus having 53 years remaining
£30 per annum increasing by £15 at next review (2039)

Ground floor flat, 25a Chisholm Road, Croydon, CR0 6UQ
99 year lease from 29th September 1991 thus having 71 years remaining
£100 per annum increasing by £100 every 33 years

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Sold for £171,250

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