- Freehold Ground Rent Investment
- Producing Ground Rent Income of £200 Per Annum
- All Four Apartments with Only 68 Years Remaining on the Leases
LOCATION Conveniently located on the east side of York Road close to its junction with Western Road. Local shopping facilities, cafés, restaurants and amenities are available along Western Road along with regular bus services affording access to the surrounding areas. Brighton city centre (including Churchill Square Shopping Centre) is within walking distance with both Hove and Brighton mainline railway stations offering direct links to London and Gatwick Airport closeby. DESCRIPTION This mid-terraced converted period property comprises of four apartments. All units have been sold off on long leases and all with only 68 years remaining on the lease. SCHEDULE Second Floor Flat Lease: 99 years from 29th September 1987 Ground Rent: £50 per annum First Floor Flat Lease: 99 years from 29th September 1987 Ground Rent: £50 per annum Ground Floor Flat Lease: 99 years from 23rd February 1987 Ground Rent: £50 per annum Lower Ground Floor Flat Lease: 99 years from 23rd February 1987 Ground Rent: £50 per annum NB: 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 formerly reserved their rights.
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.