Lot 101 - 17 Belmont Avenue, Turnpike Lane, N17 6AX

About the property

Freehold Ground Rents

London Borough of Haringey

Situated off Belmont Avenue close to Downhills Park and Turnpike Lane with its shopping/travelling facilities including Turnpike Lane Tube Station (Piccadilly Line).

Freehold Ground Rents amounting to £100 per annum derived from Two Self-Contained Flats each on lease as follows:

Flat (A) – on lease for a term of 99 years from 25th December 1981 at a ground rent of £50 per annum rising at 33 year intervals to £100 per annum and £150 per annum for the remainder of the term. Valuable reversion in approximately 60 years.

Flat (B) – on lease for a term of 189 years from 25th December 1981 at a peppercorn ground rent.

Note the vendor has advised that a premium of £30,000 was paid to extend this lease.

In accordance with Section 5(B) of the Landlord and Tenant Act 1987, notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

£40,000
Result

Overview

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