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Block of Apartments for sale

Admiral House, Hospital Way, Lewisham, London SE13

Removed £35,000

Property Description

Key features

  • For sale by auction
  • Ground Rent

Full description

Tenure: Freehold

Lot 73 - This lot is for sale by auction as lot 73 on 14th December 2017.

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


Total Current Rent Reserved


£1,750 per annum (doubling every 33 years)


Tenure
Freehold.

Location
The property is situated on the east side of Hospital Way, to the south of its junction with Highfield Close. A range of shops and other facilities is available in Catford to the west, with the further and more extensive facilities of Lewisham also being easily accessible. Rail services run from Hither Green Station and the South Circular Road (A205) is to the south. The open spaces of Mountsfield Park are directly to the east.

Description
The property comprises a ground rent investment secured upon a detached purpose built block arranged over ground and three upper floors beneath a pitched roof. The building is internally arranged to provide seven self-contained flats.

Tenancies
Each flat is held on a lease for a term of 125 years from 25th March 2011 (thus having approximately 119 years unexpired) at a current ground rent of £250 per annum (doubling every 33 years).

Rights of Pre-emption
The lessees have NOT elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Seller's Solicitor

Messrs Machins Solicitors LLP (Ref SS). Tel 01582 514000.Email santok.singh@machins.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:
25 November 2017

Map & Street View

Disclaimer - Property reference 1031000076. 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.

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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.”

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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