Next auction Thursday 22nd February 2.30PM

17A, 17B & 17C Rookery Lane, Lincoln, LN6 7PX



Sold
Prior
Guide price

£2,500


Property Type

Investment

Bedrooms

3


Key Features

  • Freehold Ground Rent Investment Only
  • 2 x 1 bed flats, 1 x 3 bed flat sold for a term of 99 years from September 1977
  • Producing a total of £75 per annum

Part of the 10 December 2020 auction
at 2.30PM

Freehold Ground Rent Investment of three flats close to Lincoln city centre producing £75 per annum.

  • Freehold Ground Rent Investment
  • Located on Rookery Lane at the junction of Newark Road
  • Adjacent to an established retail parade
  • Situated in a densely populated residential area
  • Comprising a purpose built block of 3 flats
  • 2 x 1bed flats, 1 x 3 bed flat
  • Each flat sold off on individual long leases
  • Long leases for a term of 99 years from September 1977
  • Benefits from income of £25 per flat
  • Total income of £75 pa
  • Ideal opportunity for speculative investors

Viewings not available

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold Ground Rent Investment only, 3 x flats each sold off on 99 year leases from September 1977 benefitting from a combined rental income of £75 pa

Email: paul.parkes@chattertons.com
Telephone: 01522 781 477

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