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Property for sale

1-6 Lime Court, Lime Grove, New Malden, Surrey

Removed £325,000

Property Description

Key features

  • For sale by auction
  • Ground Rent

Full description

Tenure: Leasehold

Lot 16 - This lot is for sale by auction as lot 16 on 15th December 2016.

A Freehold Part Reversionary Ground Rent Investment secured upon Two Buildings arranged to provide a Total of Six Self-Contained Flats (Two Bedroom Accommodation)

- Together with a Parade of Fourteen Lock-Up Garages
- Garages and Forecourt Area extending to Approximately 0.056 Hectares (0.138 Acres)
- Garages mainly Let subject to Monthly Agreements
- Possible potential for Redevelopment of Garage Parade and Forecourt Area, subject to obtaining all necessary consents
- Potential to create Additional Parking Space Income
- Total Current Rent Reserved including VAT (equivalent)

£20,170 per annumReversions from 2058
IN SAME FAMILY OWNERSHIP FOR 57 YEARS

Tenure
Freehold.

Location
The property is located in New Malden within the Royal Borough of Kingston upon Thames. The property is situated on the south side of Lime Grove, between its junctions with Coombe Road (B283) and Poplar Grove.Local amenities are readily available nearby on New Malden High Street, whilst more extensive shopping facilities are accessible in Kingston to the west and Wimbledon to the north-east. Rail services run from New Malden Station on the High Street approximately 320m (350 yds) from the property.Road communications are provided by the B283 which connects with the A3 to the south, which in turn provides access to Central London and the M25 Motorway. The open spaces of Richmond Park, Wimbledon Common and Bushy Park are all within reach.

Description
The property comprises a part reversionary ground rent investment secured upon two buildings, each arranged over ground and first floors beneath a pitched roof. The buildings are internally arranged to provide a total of six self-contained flats (6 x two bedroom flats).To the rear of the buildings there is a parade of fourteen lock-up garages and a large forecourt area providing informal parking facilities and which extends to approximately 0.056 hectares (0.138 acres) in total.Each garage has the benefit of mains electricity and a water tap is available on the forecourt.The garages are accessed via Lime Grove.

Accommodation and Tenancies
A schedule of Tenancies is set out below. The garages and forecourt site area is approximately 0.056 hectares (0.138 acres), whilst the overall Freehold site area extends to approximately 0.151 hectares (0.372 acres).

Planning
Local Planning Authority The Royal Borough of Kingston upon Thames.Tel 0208 547 5000.The garage parade and forecourt area may afford potential for redevelopment, subject to obtaining all necessary consents.

VAT
VAT is not applicable to the purchase price. NB.The lessees have NOT elected to take up their rights of pre-emption under the terms of the Landlord & Tenant Act 1987.

Seller's Solicitor
Messrs ZGRP Limited (Ref GW).Tel 0208 944 1180.Email graeme@zgrp.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 www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.


Listing History

Added on Rightmove:
26 November 2016

Map & Street View

Disclaimer - Property reference 970000065. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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