Land For Sale £100,000
Bridge Court, 263/271 High Street, Waltham Cross

TO BE SOLD BY ONLINE AUCTION AS LOT 41 ON THURSDAY 6 JUL 2023 - Freehold with Planning Consent for Three New Build Flats and Ground Rent Income

London Borough of Broxbourne

Situated in a main road position close to local shopping/travelling facilities including Theobalds Grove Overground Station, with services into London Liverpool Street taking approximately 36 minutes.

Freehold Ground Rents amounting to
£375 per annum derived from Three
Self-Contained Flats each on lease as follows:

Flat 271(A) 150 years from 30th July 2012 at a ground rent of £125 per annum doubling every 25 years of the term.

Flat 271(B) 159 years from 1st January 2014 at a ground rent of £150 per annum doubling every 25 years of the term.

Flat 271(C) 155 years from 25th March 2013 at a ground rent of £100 per annum increasing to £200 per annum at the
77.5 years of the contract term.

The other flats in the Block and Shops are each on 999 year leases from various dates in the legal pack at peppercorn ground rents.

Planning Consent has been granted by Borough of Broxbourne on 20th September 2022 for an additional floor to create Three
x One Bedroom Penthouse Flats each with Balcony. A copy of the consent and plans are available for inspection. (Planning Reference: 07/22/0322/F).

Note: Each Flat will be approximately
50 sq m.

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.

Inspection: By arrangement with the Auctioneers