Auction
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1 , Upper Grove, South Norwood, London, SE25 6JX

  • Auction
  • Lot 6
  • United Kingdom
  • Building
  • Residential

Invited Opening Bid £50,000

Property Summary

  • Ground rent Investment secured upon six self-contained flats.
  • Total rent reserved £2,100 per annum (rising)

Contact Us

Dominic Smith
Dominic Smith
Property Agent, here to help.
Samantha Jones
Vendor's Solicitor

Contact Us

Dominic Smith
Dominic Smith
Property Agent, here to help.
Samantha Jones
Vendor's Solicitor

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Description

Freehold ground rents secured upon six self-contained flats.

Location

Situated between Holmesdale Road and Selhurst Road. Public transport includes Norwood Junction railway station. Shopping amenities are at the High Street. Recreation facilities can be found at South Norwood Country and Grangewood Parks.

Tenure

Freehold

Property Table

Unit  Lease Term From Rent per Annum
1 99 years 09/03/2018 £350 (Doubling every 20 years)
2 99 years 09/03/2018 £350 (Doubling every 20 years)
3 99 years 01/06/2018 £350 (Doubling every 20 years)
4 99 years 16/04/2018 £350 (Doubling every 20 years)
5 99 years 20/04/2018 £350 (Doubling every 20 years)
6 99 years 16/04/2018 £350 (Doubling every 20 years)

Total rent reserved £2,100 per annum (rising)

 

Note: We are advised that the property has further potential for development (subject to the necessary consents). Prospective purchasers must rely on their own enquiries in this regards.

VAT

We are informed that VAT is applicable to a portion of the upper floors, please refer to the legal documents for further information.

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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