Lot 25: FREEHOLD GROUND RENT INVESTMENT

Sold £32,250

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.