By Order of Trustees

London Borough of Enfield

Situated off the High Street, close to local shopping/travelling facilities including Southbury Overground Station and Enfield Town Centre.

Freehold Ground Rents amounting to £350 per annum derived from Four Self-Contained Flats each on a lease as follows:

Flat 19 – 189 years from 25th December 1962 at a peppercorn ground rent.

Flat 21 – 125 years from 25th March 2019 at a ground rent of £150 for the first 25 years, £300 for the next 25 years, £450 for the next 25 years and £500 for the remainder of the term.

Flat 23 – 99 years from 25th March 2008 at a ground rent of £150 for the first 33 years, £300 for the next 33 years, and £500 for the remainder of the term.

Flat 23(A) – 99 years from 25th March 2003 at a ground rent of £50 for the first 33 years, £100 for the next 33 years,
and £200 for the remainder of the term. Valuable reversion in approximately 82 years.

At the rear of the block there are Four Lock Up Garages let as follows:

Garage (1) – Let at £52 per month
Garage (2) – Vacant
Garage (3) – Vacant
Garage (4) – Let at £53 per month

Producing £1,610 per annum from the combined Ground Rent Income and Garage Income and in addition Vacant Possession of Garages 2 & 3

Inspection: On Site