Lot 12 - 82a, 82b, 82c & 82d Croxted Road, Dulwich, London, SE21 8NP
- Unconditional Online Auction Sale
- Guide Price* : £63,000+
Freehold ground rents of an attractive Victorian villa conversion producing £600 pa (rising) secured against 4 flats, 1 with a reversion in 70 years.
Description
82a - 2 bedroom ground floor flat with a garden. A valuation was undertaken in 2017 at £740,000. Held on a lease for 99 years from 24/06/2011. Ground Rent £200 pa doubling every 3 years.
82b - 1 bedroom first floor flat, held on a lease for 99 years from 24/06/2008. Ground Rent £100 pa doubling every 33 years.
82c - A first floor studio flat held on a 99 year lease from 25/03/1991. Ground rent £100 pa rising to £200 pa.
82d - Second Floor 2 bedroom flat held on a 189 year lease from 25/03/1991 with a Ground Rent commencing at £100 per annum to 2015, now at £200 per annum, rising to £400 per annum in 2048 and to £800 per annum in 2081 then to £1600 per annum in 2114 and to £3200 per annum in 2147.
Freeholder insures. The block is managed by a managing agent.
We refer bidders to the legal pack for copies of the Section 5a notices served on the lessees.
Intro - "Auction Date"
FOR SALE BY PUBLIC AUCTION - Thursday 24th February 2022
Rent:
Ground Rent: £600 pa
Tenure:
Freehold
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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 (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.
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