A Freehold Ground Rent Investment Secured Upon Two Self-Contained Flats Producing £220 per annum

The property comprises a ground rent investment secured upon two self-contained flats situated within a semi-detached building arranged over ground and first floors.

Location

The property is situated on a residential road in Coulsdon close to local shops and amenities. The open spaces of Coulsdon Common & Happy Valley Park are within easy reach. Transport links are provided by Coulsdon Town rail station.

S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights. The title to 149/151 Tollers Lane refers to a lease of part 153. We understand from the seller's solicitor that this lease just catches a small sliver of land within the title and lies almost entirely in the title next door and no rent will be receivable under it. Current Rent Reserved £220 per annum

Viewing Details

Please refer to us directly on: 0207 625 9007

Addendum

Please note that the ground rent income double every 25 years from November 2010 and that the unexpired term for 149 Tollers Lane is approximately 129 years and not as originally described in the catalogue.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.