Lot 40
    157 & 159 Tollers Lane
    Coulsdon, Surrey, CR5 1BJ
    Sold for £17,000
     
    Number 1
    A Freehold Part-Reversionary Ground Rent Investment Secured Upon 2 Self-Contained Flats Part-Reversion Producing £150 per annum. One of the Flats has 64 Years Unexpired on the Lease.

    Description

    The property comprises a ground rent investment secured upon two self-contained flats situated within a semi-detached building arranged over ground and first floors.

    Location

    The property is situated on a residential road in Coulsdon close to local shops and amenities. The open spaces of Coulsdon Common & Happy Valley Park are within easy reach. Transport links are provided by Coulsdon Town rail station.

    Note (2nd Column)

    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 insure the building.


    Current Rent Reserved £150 per annum

    Viewing Details

    Please refer to us directly on: 0207 625 9007

    Addendum

    Please note that the ground rent income for 157 Tollers Lane increases by £125 every 25 years from 2038. Please note that the Landlord has the right to insure the building.

    Column 1 Column 2 Column 3
    Property Lease Annual Rent
    157 Tollers Lane
    (Lower Flat)
    189 years from 25/03/1957 (thus approximately 129 years unexpired) £125
    159 Tollers Lane
    (Upper Flat)
    99 years from 25/06/1982 (thus approximately 64 years unexpired) £25
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