Lot 56 - 19, 21, 23 & 23(A) Derby Road, Enfield, Middlesex, EN3 4AN

About the property

Freehold Ground Rents and Four Lock Up Garages

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

£84,500
Result

Overview

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