Lot 1 - Burnham, 35 Poplar Road, Shalford, Surrey, GU4 8DH
- Unconditional Online Auction Sale
- Guide Price* : £60,000 - £65,000
Freehold investment comprising ground rents secured against 5 flats, a block of 5 lock up garages (not demised to the flats) and additional land producing a combined income of £4740 pa.
Description
Flat 1. GF 95 sqm, EPC: D. Held on a lease until 31/12/2170 (148 unexpired), Ground Rent peppercorn.
Flat 2. GF 86 sqm, EPC: D. Held on a lease until 21/12/2108 (86 unexpired), Ground Rent £100 pa rising to £200 in 2042 and £300 in 2075.
Flat 3. FF, 75 sqm, EPC: C. Held on a lease until 31/12/2108 (86 unexpired), Ground Rent £100 pa rising to £200 in 2043 and £300 in 2076.
Flat 4. FF, 61 sqm, EPC; D. Held on a lease until 21/12/2169 (147 unexpired), Ground Rent peppercorn.
Flat 5. 2F, 82 sqm, EPC: D. Held on a lease until 31/12/2169 (147 unexpired), Ground Rent £100 pa term.
Garages: 4 garages are let producing £75 pm, 1 is let at £70 pm. Equivalent to £4440 pa.
The freeholder manages and insures.
We refer bidders to the legal pack for copies of the Section 5a Notices served on the lessees.
There is potential to add more garages and possibly develop the garage site, subject to planning.
Intro - "Auction Date"
FOR SALE BY PUBLIC AUCTION - Thursday 16th June 2022
Rent:
£4740
Tenure:
Freehold
Local Authority
* 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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