Freehold Ground Rent Investment For Sale - Edmonton London N18

3 flats with 74 years remaining on the leases


4 Cuthbert Road,  Edmonton, 
LONDON N18 2QL


Sold property




Site area: 240.0 sq.m. (2583 sq.ft.)

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.


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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.

Accommodation:
Site area: 240.0 sq.m. (2583 sq.ft. / 0.06 acres) 

comprising:

Flat 2 Communal 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 2A Communal entrance to first floor flat with 2 double bedrooms, separate kitchen, reception room, bathroom / WC, private garden accessed via side passageway.
Flat 4 Own entrance to ground floor flat with 1 double bedroom, kitchen / diner, reception room, bathroom / WC and sun lounge with door to private garden.
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
Download more information:
Viewings:
From the roadside only - there will be no internal viewings. Layout plans are attached to the lease which may be downloaded. - Click here for Enquiries
Reference:
23016    Updated: 16 Jun 2015