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Lot 2 - 8 Belvoir Road, East Dulwich, London, SE22 0QY

Guide Price* £15,000

Tenure
Freehold
Type
Residential
Bidder Security Deposit
£500*

Property Summary

  • In the same ownership for over 20 years
  • Freehold Ground Rents
  • Secured upon 3 self-contained flats
  • Investment producing £200 per annum (rising)

Freehold ground rents secured upon 3 self-contained flats. Ground Rent Investment producing £200 per annum (rising).

Description

A three-storey end of terraced house divided into three self-contained flats located within a mainly residential catchment area.

Location

Situated between Underhill Road and Overhill Road. Public transport includes Forest Hill railway station. Shopping amenities are at Lordship Lane. Recreation facilities can be found nearby at Dulwich Park.

Lease Terms

Address Lease Term Effective from Ground Rent (p.a.)
8a Belvoir Road, East Dulwich,
London, SE22 0QY
125 years 25/3/1990 £100 (rising in 2040 to £150, in 2065 to £200, from 2090 to the end of term to £250)
8b Belvoir Road, East Dulwich,
London, SE22 0QY
125 years 25/3/1990 £100 (rising in 2040 to £150, in 2065 to £200, from 2090 to the end of term to £250)
8c Belvoir Road, East Dulwich,
London, SE22 0QY
185 years 6/5/2020 Peppercorn
Total ground rent payable £200 per annum (rising)

Note

The Buyer's Administration Fee on this lot will be reduced to £500 + VAT (£600) and not as mentioned in the Disclaimer paragraph below

VAT

Please refer to the legal documents

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (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 Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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EC1A 7BL

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