Description

  • Freehold Ground Rent Investment
  • Producing Ground Rent Income of £420 Per Annum
  • First & Second Floor Maisonette with Only 67 Years Remaining on the Lease
DESCRIPTION This semi-detached converted period property comprises of three apartments. All units have been sold off on long leases. The first floor flat had a new 119 year lease granted in 2006 and the ground floor flat had a new 113 year lease granted in 2012. The top floor flat (first and second floor maisonette) has 67 years remaining on the lease. SCHEDULE Ground Floor Flat & Garden Lease: 19th December 2012-28th September 2125 Ground Rent: £200 per annum First Floor Flat Lease: 3rd October 2006-28th September 2125 Ground Rent: £120 per annum First and Second Floor Maisonette Lease: 99 years from 29th September 1985 (67 years remaining) Ground Rent: £100 per annum Copies of the leases, office copy entries etc… will be available within the legal pack. PLEASE NOTE: Please note that under section 5b of the Landlord and Tenant Act 1987 (as amended) the requisite Notices have been served on the tenants who HAVE NOT taken up their rights to first refusal whilst the aforementioned notices have expired.

Solicitors

Dean Wilson LLP Solicitors, 165 Dyke Road, Brighton, BN3 1TL Tel: 01273 249220 Contact: Phaedra Cassillis

Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.