Property for sale in London SE15, 0 Bedroom

Lot 143 - This lot is for sale by auction as lot 143 on Thursday 28th March 2019.

A Freehold Ground Rent Investment secured upon a Purpose Built Block arranged to provide Six Self-Contained Flats

Total Current Rent Reserved

£900 per annum

Tenure
Freehold.

Location
The property is situated on the east side of Rye Hill Park, to the north of Peckham Rye. Shops and amenities are available along Rye Lane to the north-west. Rail and Overground services run from Peckham Rye Station (approximately 1.1 miles) and Nunhead Station (approximately 1 mile). The A20 is to the north and provides access to the M25 (Junction 3) and M20 (Junction 1) Motorways. The open spaces of Peckham Rye Park are nearby.

Description
The property comprises a ground rent investment secured upon a purpose built block arranged over ground and first floors beneath a pitched roof. Internally, the property is arranged to provide six self-contained flats.

Tenancies
Each flat is held on a lease for a term of 125 years from 25th March 1987 (thus having approximately 93 years unexpired) at a current ground rent of £150 per annum (rising every 25 years).

Rights of Pre-emption
The lessees have elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Management and Insurance
The Freeholder manages and insures the property.

Seller’s Solicitor

Messrs Comptons Solicitors (Ref: Sj). Tel: Email: Sarahj@comptons.Co.Uk

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.