Description

Freehold Ground Rent Investment For Sale 

Magnolia Court, 39 Grange Road, Sutton, Surrey, SM2 6SY

Location

• The Subject property is situated in Sutton, Surrey in the southeast of England close to London.
• The property is located on Grange Road which runs from Cornwall Road on the West side to Worcester Road on the East side which adjoins the main Brighton Road B2230. The subject property is located less than a mile from the A232 which runs to the A24 and the M25.
• The subject property is approximately 7.4 km from Epsom while Sutton railway station and the main town center appear to be within walking distance.

Description

The property is a 3-storey residential building arranged in 3 connected blocks of residential flats, the property is of a traditional brick construction with a felted flat roof, the property includes recreational and parking facilities.  The property appears to have been constructed in the 1970’s.

Tenancies

The freehold includes 17 flats that have been granted Leases for 999 years from March 2007, assumed to be on a peppercorn ground rent, there are a further 4 flats subject to shorter lease terms, more information is available on request.

Tenure

Freehold.