Ten Self-Contained Flats (9 x One Bedroom, 1 x Two Bedroom) Offered Under One Head Lease. Potential Break Up/Rental Investment Opportunity. Flats Offered with Vacant Possession upon Completion.

The property comprises ten self-contained flats (9 x one bedroom, 1 x two bedroom) arranged over the ground and first floors of a purpose built block which is arranged over ground and seven upper floors.

Tenure

Leasehold. The 10 flats are held on a 150 year head lease from 8th June 2010 (thus approximately 136 years unexpired). 10 individual leases have been drafted ready for submission to Land Registry (freeholder's consent not required). Please refer to legal pack.

By Order of the Mortgagees

Location

The flats are situated on a residential road close to local shops and amenities. The open spaces of Folkestone Gardens are within easy reach. Transport links are provided by New Cross overground and rail stations.

Tenancy

We understand that the property was formerly let at a rent of £204,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.