Property for sale93 Brockley Rise, Forest Hill, London SE23
- For sale by auction
- Ground Rent
Lot 148 - This lot is for sale by auction as lot 148 on 15th December 2016.
A Freehold Ground Rent Investment secured upon a Mid Terrace Building internally arranged to provide Three Self-Contained Flats
The property is located on the west side of Brockley Rise, to the north of its junction with Whatman Road. Shops are located along Brockley Rise, with the more extensive facilities of Lewisham being accessible to the north-east. The green spaces of Brockley Hill Park are to the east. The B218 leads south to the A205 (South Circular Road).
The property comprises a ground rent investment secured upon a mid terrace building arranged over lower ground, raised ground and two upper floors. The property is internally arranged to provide three self-contained flats.
Each flat is subject to a lease for a term of 125 years from 1st January 2006 (thus having approximately 115 years unexpired) at a total current ground rent of £450 per annum. NB. The Lessees have NOT elected to take up their rights of pre-emption under the terms of the Landlord & Tenant Act 1987.
Total Current Gross Rent Reserved £450 per annum
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 Lots may be sold or withdrawn prior to auction.
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*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.
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