Know what you are buying before you bid with a Legal Pack Summary:
McHugh & Co describes this property as:
By Order of Trustees London Borough of Enfield Situated off the High Street, close to local shopping/travelling facilities including Southbury Overground Station and Enfield Town Centre. Freehold Ground Rents amounting to £350 per annum derived from Four Self-Contained Flats each on a lease as follows: Flat 19 – 189 years from 25th December 1962 at a peppercorn ground rent. Flat 21 – 125 years from 25th March 2019 at a ground rent of £150 for the first 25 years, £300 for the next 25 years, £450 for the next 25 years and £500 for the remainder of the term. Flat 23 – 99 years from 25th March 2008 at a ground rent of £150 for the first 33 years, £300 for the next 33 years, and £500 for the remainder of the term. Flat 23(A) – 99 years from 25th March 2003 at a ground rent of £50 for the first 33 years, £100 for the next 33 years, and £200 for the remainder of the term. Valuable reversion in approximately 82 years. At the rear of the block there are Four Lock Up Garages let as follows: Garage (1) – Let at £52 per month Garage (2) – Vacant Garage (3) – Vacant Garage (4) – Let at £53 per month Producing £1,610 per annum from the combined Ground Rent Income and Garage Income and in addition Vacant Possession of Garages 2 & 3 Inspection: On Site ...
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