Auction House London

Lot 31

 

Flats 1-5, 30 Belgrave Gardens

St John's Wood, London, NW8 0RB

Sold for £185,000

A Freehold Reversionary Ground Rent Investment Secured Upon Five Self-Contained Flats Producing a Combined Income of £250 per annum. The Unexpired Lease Terms Range from 54 years to 72 years.

Description

Tenure

Freehold

Location

The property is situated in the highly sought after North West London area of St. Johns Wood close to local shops and amenities. The open spaces of Paddington Recreation Ground are within easy reach. Transport links are provided by St. John's Wood underground station and South Hampstead rail station.

Note (2nd Column)

The sale will be by way of a company sale within an SPV (Special Purpose Vehicle). For full details, please refer to the legal pack.

Viewing Details

This property is a Ground Rent Investment and therefore there are no internal viewings.

Accommodation & Tenancy Schedule

Floor Accommodation Tenancy Current
Annual Rent
Flat/Floor Lease Terms Ground Rent P.A. Reversion
Flat 1/Basement 99 years from 25/03/1987 £50.00 Lease expires in approx. 72 years in March 2086
Flat 2/Basement 99 years from 12/12/1974 £50.00 Lease expires in approx. 59 years in December 2073
Flat 3/First Floor 99 years from 01/06/1979 £50.00 Lease expires in approx. 64 years in June 2078
Flat 4/Second Floor 99 years from 12/12/1974 £50.00 Lease expires in approx. 59 years in December 2073
Flat 5/Third Floor 99 years from 05/03/1975 £50.00 Lease expires in approx. 60 years in March 2074

Additional Fees

Administration charge: £1,200 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.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Flats 1-5, 30 Belgrave Gardens, St John's Wood, London, NW8 0RB

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