Property details
- Auction Date: 8th March 2023
- Freehold Ground Rent Investment
- Current Ground Rent 225 per annum
- Top Floor Flat has Only 62 Years Remaining
- CASH BUYERS ONLY
- PLEASE NOTE THAT NO FLATS ARE INCLUDED WITHIN THE SALE
THIS IS JUST THE FREEHOLD OF THE BUILDING THAT IS FOR SALE WITH NO FLATS AT ALL BEING INCLUDED AND IS STRICTLY CASH BUYERS ONLY.
Freehold ground rent investment comprising of 3 flats all sold off on long leases as follows:
Ground Floor Flat: Residue of 999 year lease with peppercorn ground rent.
First Floor Flat: Held on a 99 year lease from March 2019 with a ground rent of £150 per annum doubling every 25 years.
Second Flor Flat: Held on a 99 year lease from April 1985 having approximately 62 years to run with a ground rent of £75 per annum increasing to £100 per annum in 2035 and then again to £125 per annum in 2060.
Total current ground rent per annum is £225.
