Lot 98

13-32 Ringwood Gardens, Isle of Dogs, E14 9WY

£45,000+ Guide Price (plus fees)

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Lot 98

13-32 Ringwood Gardens, Isle of Dogs, E14 9WY

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Legal documents

You are advised to download and read the legal documentation prior to bidding.

Agreement Documents

Additional Documents

Legal documents

You are advised to download and read the legal documentation prior to bidding.

Freehold Ground Rents

By Order of Executors

Local Authority

London Borough of Tower Hamlets

Description

Situated close to local shopping/travelling facilities including Mudchute and Crossharbour DLR Stations. Millwall Park is also nearby.

Freehold Ground Rents amounting to £4,000 per annum derived from Twenty Self-Contained Flats each on a lease as follows:

Flat 13. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 14. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 15. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 16. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 17. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 18. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 19. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 20. 125 years from 25th December 1993 at a ground rent of £220 per annum rising.

Flat 21. 125 years from 25th December 1993 at a ground rent of £200 per annum rising.

Flat 22. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 23. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 24. 125 years from 25th December 1993 at a ground rent of £200 per annum rising.

Flat 25. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 26. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 27. 125 years from 25th December 1993 at a ground rent of £200 per annum rising.

Flat 28. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 29. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 30. 125 years from 25th December 1993 at a ground rent of £200 per annum rising.

Flat 31. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

Flat 32. 125 years from 25th December 1993 at a ground rent of £180 per annum rising.

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.

Important Information

Additional Fees

Each successful bidder will be required to pay the Auctioneers McHugh & Co., a non-refundable buyer's fee of £1,500 inclusive of VAT. Lots sold for less than £10,000 the buyer’s fee will be £500 inclusive of VAT.
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale. Buyers are deemed to bid in full knowledge of this.

Viewing property

Each lot is sold in its actual condition and state of repair and the buyer shall be deemed to have surveyed and inspected the lot prior to the auction. For the avoidance of doubt, purchasers shall raise no objection or recourse to McHugh & Co as to the structure or condition of a property and its state of repair. McHugh & Co give no warranty or guarantee as to the structure, condition or issues of a property. This is in reference to (a) the state of the structure of any property or the working condition of any fixtures, fittings, heating systems, appliances or other items included in the sale of any property and (b) the type of the structure or whether such structure is adequate or property constructed. For purchasers requiring funding by mortgage or other means, they are advised to organise this in advance of the auction and shall raise no objection or recourse to McHugh & Co over whether a property is suitable for their lenders criteria.

Buying at auction

The successful bidder is under a Binding contract as soon as the Auctioneer's electronic gavel falls on his/her Bid. Upon a successful bid, the bidder’s card will be automatically debited for the bidder security amount, which is considered as a whole or contribution towards the deposit. The bidder security amount is non-refundable upon a successful bid. The bidder/purchaser will be required to pay the balance for the 10% deposit of the purchase price subject to a minimum deposit of £5,000 whichever is greater and buyers fee within 24 hours of the auction date. The completion date is set usually within 20 working days of the auction date. The timeframe for completion on individual lots may vary, please read the special conditions of sale within the legal documentation.

Guide price and Reserve price

Guides prices 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.

Legal Documents

Each purchaser shall be deemed to have read the legal documents or provided the legal documents to their legal representatives for advice on the lot they are intending on purchasing which has been made available on our website. The purchaser shall be deemed to have raised any enquiries with the vendors solicitors that a prudent purchaser would make. The purchaser is deemed to have read the special conditions of sale associated with the sale of the lot and bid in full knowledge of this and the legal documents prior to bidding.

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