42-65 & 76-94 Monarch Parade, London Road, Mitcham, CR4 3HB
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Legal documents
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Additional Documents
Legal documents
You are advised to download and read the legal documentation prior to bidding.
Log in to view legal documentsHead Leasehold Ground Rents and Six Lock-Up Garages
Local Authority
Description
Situated on London Road, close to local shopping/travelling facilities including Mitcham Eastfields and Tooting Train Stations. Mitcham Common is also nearby.
The property comprises a Head Leasehold Ground Rent Investment secured upon 42 Flats and Six Garages with schedule as follows:
Flats (42,43,46,47,49,50,51,52,53,54,55,57,58,59,
60,61,62,63,64,65,77,80,81,82,83,84,85,86,
87,88,90,91,92,93,94).
Each on a 999 year lease from 1991/1992/1993 at a ground rent of £50 per annum rising. (please see legal pack for exact lease schedules).
Flat 44. 99 years from 30th June 2010 at a ground rent of £100 per annum rising. Valuable reversion in approximately 83 years
Flat 45. 99 years from 28th May 2013 at a ground rent of £100 per annum rising. Valuable reversion in approximately 86 years
Flat 48. 99 years from 27th May 2009 at a ground rent of £100 per annum rising. Valuable reversion in approximately 82 years
Flat 56. 189 years from 8th May 2000 at a peppercorn ground rent.
Flat 78. 99 years from 12th May 2006 at a ground rent of £100 per annum rising. Valuable reversion in approximately 79 years
Flat 79. 99 years from 25th February 2005 at a ground rent of £100 per annum rising. Valuable reversion in approximately 78 years
Flat 89. 125 years from 1st July 2022 at a ground rent of £200 per annum rising.
Six Lock-Up Garages
Garage 7 – Vacant Possession
Garage 11 – Let at £60 per calendar month
Garage 11(D) - Vacant Possession
Garage 19 - Let at £30 per calendar month
Garage 24 - Vacant Possession
Garage 26 - Let at £50 per calendar month
Head Leasehold. The property is held on a lease for a term of 250 years from 11th March 1997 (thus having approximately 221 years unexpired) at a peppercorn ground rent.
Producing a Total of £5,180 per annum and in addition Three Vacant Lock-Up Garages
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.
Lease Start Date
11/03/1997
Lease Duration
250 years (221 years unexpired)
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