A Freehold Ground Rent Investment Secured Upon a Block of Fourteen Self-Contained Flats Producing £3,500 Per Annum (Rising)
The property comprises a detached building arranged over ground and two upper floors internally arranged to provide fourteen self contained flats (all sold off).
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Hainault Forest Country Park are within easy reach. Transport links are provided by Grange Hill underground station (Central line).
Tenancy
Flats 1-14 Eden Lodges are all sold off on 125 year leases from 31st March 2016 (thus approximately 120 years unexpired) with an initial rent of £250 per annum (each flat) doubling every 25 years.
The freehold includes two underground car parking spaces, not currently held on leases.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.