Lot 01 - 17-24 & 29-32 Glyn Court, 633 - 647a London Road, Worcester Park, Sutton, SM3 9DF

  • Unconditional Online Auction Sale
  • Guide Price* : £5,000+

Freehold ground rent investment secured upon 12 self-contained maisonettes over 3 x detached buildings producing a total ground rent of £660 per annum.


Schedule of Leases

Apartment Ground Rent Review Lease
17 £100pa Stepped review 138 years from 30/01/2006
18 £50pa N/A 144 years from 31/01/2000
19 £50pa N/A 146 years from 02/10/1998
20 £30pa N/A 147 years from 02/09/1997
21 £15pa N/A 149 years from 21/11/1995
22 £100pa Stepped Review 132 years from 17/04/2012
23 £15pa N/A 150 years from 13/12/1994
24 0.00 N/A 999 years from 18/09/2020
29 0.00 N/A 999 years from 18/09/2020
30 £100pa Stepped Review 138 years from 30/01/2006
31 £100pa Stepped Review 131 years from 01/05/2013
32 £100pa Stepped Review 138 years from 28/11/2006

Description

Situation & Description

Freehold ground rent investment held over 12 self-contained maisonettes with their own entrances across 3 x detached buildings each containing 4 flats each.

Glyn Court is set back from the main A24 (London Road) in Sutton with nearby shops including; Sainsbury's, Starbucks and McDonalds as well as having excellent transport links to Central London and the surrounding area.

In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property.

Auction Details
The lot is to be sold by online auction on Wednesday 16th June at 4pm (bidding opens on Tuesday 15th June at 12pm)

All interested parties who wish to bid, please contact My Auction on 0207 101 4868

Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer subject to a minimum fee of £2,400 (inc of VAT).

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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 £6,500

This auction is now closed.

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