Lot 25

FREEHOLD GROUND RENT INVESTMENT

Ground Rents, 35 & 37 Adamsrill Road, Sydenham, London, SE26 4AJ
Ground Rents, 35 & 37 Adamsrill Road, Sydenham, London, SE26 4AJ
Sold £32,250

Currently let at £35 per annum Estimated rental of £185 per annum

The freehold of 35 & 37 Adamsrill Road is a two storey building consisting of two self-contained flats in the Sydenham area of South East London with access to local amenities including shops, supermarkets, recreation ground and railway station all within approximately three quarters of a mile.

Number 37 is the ground floor flat sold off on a 99 year lease from 1st January 1978 with a current ground rental of £35 per annum. The upper flat, number 35, is in the same ownership and offered for sale in this auction and on completion a new 125 year lease will be granted with a ground rental of £150 per annum and rising.

Auctioneer's Note

Number 35 Adamsrill Road, Sydenham is lot 72 in this auction and offered for sale separately to the freehold interest.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/