Lot 104 - 50 Northcote Road, Croydon, Surrey, CR0 2HU
 
 

About the property

Freehold Ground Rents

London Borough of Croydon

Situated off Whitehorse Road, in a popular residential area close to local shopping/ travelling facilities including Selhurst Rail Station.

Freehold Ground Rents amounting to £300 per annum derived from Four Self-Contained Flats each on lease as follows:

Flat 1
150 years from 1st March 2007 at a ground rent of £100 per annum rising.

Flat 2
From 18th January 2010 to 24th March 2174 at a peppercorn.

Flat 3
99 years from 25th March 1985 at a ground rent of £50 per annum increasing by £50 every 33 years. Current ground rent £100 per annum. Valuable reversion in approximately 64 years

Flat 4
99 years from 25th March 1985 increasing by £50 every 33 years. Current ground rent £100 per annum. Valuable reversion in approximately 64 years

In accordance with Section 5(B) of the Landlord and Tenant Act 1987, notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

Note: The Freeholder manages and insures.

£38,000
Result
Viewings
Please contact
the auctioneer
Legal Documents
Printer Friendly Version

*Guides 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. Each 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. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,000 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

Other Lots in the Sale