**For Sale By Public Auction 11th December 2019 12:00 pm. To inspect the legal documents for this property go to our website to download the legal pack**
A Part Reversionary Ground Rent Investment Secured Upon Two Residential Units and a Ground Floor Shop Producing a Combined Income of £300 per annum. The First and Second Floor Maisonette has 62 Years Unexpired on its Lease.
Location The property is situated in the South East London area of Lee amongst local shops and amenities. Nearby multiples include Pizza Hut, Ladbrokes, Londis and numerous local established traders. The open spaces of Old Colfeians Sports Grounds are within easy reach. Transport links are provided by Lee rail station.
Description The property comprises a mixed use end of terrace building arranged over lower ground and three upper floors.
Column 1Column 2Column 3Column 4PropertyFloorLeaseAnnual RentFlat 1Lower Ground125 years from 25th March 2015£250ShopGround999 year lease from 2018PeppercornMaisonetteFirst & Second99 years from 24th June 1982 (thus approximately 62 years unexpired)£50 Current Rent Reserved £300 per annum with reversionary lease on upper parts.
Note S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights. The landlord has the right to manage and insure the building.
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