Lot 31
    Block of Apartments
    118 Burnt Ash Road
    Lee, London, SE12 8PU
    Sold for £36,000
     
    Number 1
    A Part Reversionary Ground Rent Investment Secured Upon Two Residential Units and a Ground Floor Shop Producing a Combined Income of £300 per annum. The First and Second Floor Maisonette has 62 Years Unexpired on its Lease.

    Description

    The property comprises a mixed use end of terrace building arranged over lower ground and three upper floors.

    Tenure

    Freehold

    Location

    The property is situated in the South East London area of Lee amongst local shops and amenities. Nearby multiples include Pizza Hut, Ladbrokes, Londis and numerous local established traders. The open spaces of Old Colfeians Sports Grounds are within easy reach. Transport links are provided by Lee rail station.

    Note

    S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights. The landlord has the right to manage and insure the building.

    Column 1 Column 2 Column 3 Column 4
    Property Floor Lease Annual Rent
    Flat 1 Lower Ground 125 years from 25th March 2015 £250
    Shop Ground 999 year lease from 2018 Peppercorn
    Maisonette First & Second 99 years from 24th June 1982 (thus approximately 62 years unexpired) £50
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