Description
Freehold ground rent investment secured upon 9 self-contained flats with garages
Beech Court, 13 Blyth Road, Bromley, BR1 3RS
For sale by Auction – Terms & Conditions Apply, Enquire for more details.
Considering offers prior to auction.
Description:
Flat Lease Term Rent p.a.
Flat 1 & garage 189 years from 1/9/1985 £125 (doubling every 33 years)
Flat 2 & garage 99 years from 1/9/1985 £120 (doubling to £240 in 2051)
Flat 3 & garage 189 years from 1/9/1985 £125 (doubling every 33 years)
Flat 4 & garage 189 years from 1/9/1985 £125 (doubling every 33 years)
Flat 5 & garage 189 years from 1/9/1985 £125 (doubling every 33 years)
Flat 6 & garage 99 years from 1/9/1985 £120 (doubling to £240 in 2051)
Flat 7 & garage 129 years from 1/9/1985 £125 (doubling every 33 years)
Flat 8 & garage 99 years from 1/9/1985 £120 (doubling to £240 in 2051)
Flat 9 & garage 189 years from 1/9/1985 £125 (doubling every 33 years)
Total rent reserved £1,110 per annum with valuable reversions of flats 2, 6 & 8 in approximately 62 years
Note: Section 5B public auction notices have been served on the lessees. Copies of these notices are available within the legal packs
Tenure:
Freehold
EPC Ratings – C, D – Council Tax Band – D
Location:
Bromley is a London Borough located south east of central London. Beech Court is off Blyth Road which runs from London Road. Public transport includes Bromley North railway station. Shopping amenities are at nearby Glades Shopping Centre. Recreation facilities can be found locally. What3Words – pill.cloak.bared
Buyer’s Premium:
Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £4,000 + VAT upon exchange of contracts.