Lot 13 - 114a, 114b, 144c & 114d Croxted Road, Dulwich, London, SE21 8NR
- Unconditional Online Auction Sale
- Guide Price* : £49,000+
Freehold ground rents of a fine period building producing £600 pa (rising) secured against 4 flats, 1 with a reversion in 69 years.
Description
114a - 1 bedroom ground floor flat with a garden. Held on a lease for 189 years from 25/03/1990. Ground Rent £75 increasing to £125 in 2024 and to £175 in 2057.
114b - 1 bedroom first floor flat, held on a lease for 99 years from 29/09/2011. Ground Rent £200 pa doubling every 33 years - £400 pa in 2044, £800 pa in 2077 for the remainder of the term.
114c - A first floor 2 bedroom flat held on a 99 year lease from 25/03/1990. Ground rent £75 pa rising every 33 years to £125 pa in 2023 and £175 pa in 2056.
114d - Second Floor 2 bedroom flat held on a 164 year lease from 25/03/2015 with a Ground Rent commencing at £250 per annum and doubling every 33 years - £500 in 2048, £1000 pa in 2081, £2000 pa in 2114 and £4000 pa 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 (rising).
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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