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Lot 64 - FREEHOLD GROUND RENT INVESTMENT - TWO APARTMENTS & TEN GARAGES GENERATING £400 PER ANNUM

Flat 2-3 &, Garages 1-10 Brockley Road, London, SE4 2SL

Sold for £4,000
Thu Feb 20 2025
12:00pm

Property Description

A two-storey terraced building featuring two leasehold apartments on the first floor and ten leasehold garages on the ground floor, situated within a secure gated development. The property is set back from Brockley Road, which encompasses the vibrant Brockley neighbourhood. Brockley is known for its lively atmosphere, offering a wide variety of restaurants, cafes, pubs, independent shops, and an independent cinema.

Freehold

The two first-floor apartments are held on a 125-year lease from June 24, 1996, with 96 years remaining. The ground rent is £200 per annum, increasing to £250 per annum in June 2046 and £300 per annum in June 2071.
Additionally, ten garages have been sold on long leasehold interests at peppercorn ground rents. Prospective purchasers are advised to consult the legal pack for further details.

Auction Surveyor: Bryn Nettle
Contact: 07854 829415 bryn.nettle@strettons.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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