miles
Lot 34

FREEHOLD GROUND RENT INVESTMENT SECURED ON 22 FLATS

30-34 The Nursery & Land, North Side of Peareswood Road, Erith, Bexley, DA8 2EX
30-34 The Nursery & Land, North Side of Peareswood Road, Erith, Bexley, DA8 2EX
Ground Rents - South East London AreaGround Rents - South East London Area - Photo 1Ground Rents - South East London AreaGround Rents - South East London Area - Photo 2Ground Rents - South East London AreaGround Rents - South East London Area - Photo 3
MARCH AUCTION

Currently let at £5,500 per annum

Maplecourt is a modern development in a popular residential area in South London, at the junction of Peareswood Road and Peareswood Primary School.

The building is divided into two parts comprising 22 flats and each flat is sold on a 99-year lease, from 24th June 2004, apart from Flat 5 which has an extended lease (172 years from 9th June 2021). There is off-street parking to the rear of both blocks accessed via a security gate.

Auctioneer’s Note

At the time of publication we understand from the seller that Flat 1, Block B is undergoing a lease extension negotiation, which may alter the ground rental figures. For further information please refer to the legal pack available to download from the Clive Emson website.

We understand the leases provide for the freeholder to insure, maintain and manage the building, recovering the costs from the leaseholders by way of a service and management charge.

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/