Lot 40
    86-88 Richmond Road
    Kingston upon Thames, Kingston upon Thames, KT2 5EN
    Sold for £60,000
     
    Number 1
    A Freehold Ground Rent Investment Secured Upon an End of Terrace Building Arranged as Six Self-Contained Flats (All Sold Off) Producing £1,500 per annum.

    Description

    The property comprises an end of terrace building arranged over ground and two upper floors internally arranged to provide six self contained flats (all sold off).

    Tenure

    Freehold

    Location

    The property is situated on a local high street close to local shops and amenities. The open space of Elm Road Park is within easy reach. Transport links are provided by Kingston rail station.

    Note

    S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.

    Accommodation Schedule

    Property Floor Accommodation Lease Annual Ground Rent
    Flat 1 Ground Not Inspected 125 years from 1st January 2020 £250
    Flat 2 Ground Not Inspected 125 years from 1st January 2020 £250
    Flat 3 Ground Not Inspected 125 years from 1st January 2020 £250
    Flat 4 First Not Inspected 125 years from 1st January 2020 £250
    Flat 5 First Not Inspected 125 years from 1st January 2020 £250
    Flat 6 First Not Inspected 125 years from 1st January 2020 £250
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides 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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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