SoldFreehold Ground Rent Investment For Sale - Edmonton London N18

3 flats with 74 years remaining on the leases

4 Cuthbert Road,  Edmonton, LONDON N18 2QL

Location

The property is located in Edmonton, North London in a relatively quiet residential road, with excellent transport links: Silver Street Railway Station is 300m to the West and provides services to London Liverpool Street every 15 minutes with a journey time of 25 minutes.

Site area 240.0 sq.m. /2583 sq.ft. / 0.06 acres 

Flat 2Communal entrance to duplex flat with 2 double bedrooms, separate kitchen, reception room with double doors onto private garden, d/strs WC and upstairs bathroom / WC. Private car space to front.
Flat 2ACommunal entrance to first floor flat with 2 double bedrooms, separate kitchen, reception room, bathroom / WC, private garden accessed via side passageway.
Flat 4Own entrance to ground floor flat with 1 double bedroom, kitchen / diner, reception room, bathroom / WC and sun lounge with door to private garden.

Description

The property comprises three converted flats:  2 x two bedroom units and 1 x one bedroom unit.

Each flat has a private garden and there is one off street car parking space which is demised to Flat 2.

Each flat has a lease of 99 years from 25th December 1989. There are therefore 74 years remaining on the leases. A typical lease which shows the floor layouts can be downloaded.

The annual ground rent income with effect from this December is £100 per flat (£300 pa total) which rises to £150 (£450 pa total) in 2039 and £200 (£600 pa total) in 2064.

Terms

Freehold for sale subject to three leases each with a term of 99 years from 25th December 1989. Please note that notices will need to be served on the leaseholders prior to the property being sold to comply with the legislation.

Local authority: London Borough of Enfield


Property reference: 23016 Updated: 16 Jun 2015