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Lot 6 - 10 Maberley Road, Upper Norwood, London, SE19 2JB

Guide Price* £20,000

Tenure
Freehold
Type
Residential
Bidder Security Deposit
£500*

Property Summary

  • In the same ownership for over 36 years
  • Freehold Ground Rents
  • Secured upon 4 self-contained flats
  • Investment producing £450 per annum (rising)

Freehold ground rents secured upon 4 self-contained flats. Ground Rent Investment producing £450 per annum (rising).

Description

A three-storey semi-detached house divided into four self-contained flats located within a mainly residential catchment area.

Location

Situated between Sylvan Road and Hamlet Road. Public transport includes Anerley railway station. Shopping amenities are at Anerley Road. Recreation facilities can be found nearby at South Norwood Recreation Ground.

Lease Terms

Address Lease Term Effective from Ground Rent (p.a.)
Flat 1, 10 Maberley Road,
Upper Norwood, London, SE19 2JB
177 years 4/11/2022 Peppercorn
Flat 2, 10 Maberley Road,
Upper Norwood, London, SE19 2JB
125 years 30/11/1984 £150 (increasing from 2064 to the end of the term to £250 per annum)
Flat 3, 10 Maberley Road,
Upper Norwood, London, SE19 2JB
125 years 30/11/1984 £150 (increasing from 2064 to the end of the term to £250 per annum)
Flat 4, 10 Maberley Road,
Upper Norwood, London, SE19 2JB
125 years 30/11/1984 £150 (increasing from 2064 to the end of the term to £250 per annum)
Total ground rent payable £450 per annum (rising)

Note

Note (1): We are advised that there is a Right to Manage company in place. Prospective purchasers must rely on their own enquiries in this regard.

Note (2): 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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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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Documents

Property Map

Office Contact

Dominic Smith
07999023451
SW Property Auctions,
4th floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

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Dollman & Pritchard incorporating Sandom Robinson and John Nash & Co
Nick Robinson
01883 347 823

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