Description

  • Freehold Ground Rent Investment
  • Producing Ground Rent Income of £1,000 Per Annum
  • Popular Town Centre Location
LOCATION The property is conveniently located within the vibrant seaside resort of Littlehampton. Situated on the north side of the High Street in the heart of the town centre with the mainline railway station offering direct links to London Victoria, Brighton and Portsmouth just a short walk away. Good road links to all surrounding areas is provided via the A259. DESCRIPTION This semi-detached property comprises of a retail unit on the ground floor and four self-contained flats on the upper floors. All units have been sold off on long leases.

Solicitors

Green Wright Chalton Annis Solicitors, 29 Boundary Road, Hove, BN3 4EF Tel: 01273 253500 Contact: Colin Edmonds

Accommodation

Column 1 Column 2
TENANCY SCHEDULE
RETAIL UNIT
LEASE: 999 years from 29th September 2015
GROUND RENT: £200 per annum
FLAT 1
LEASE: 125 years from 29th September 2015
GROUND RENT: £200 per annum
FLAT 2
LEASE: 125 years from 29th September 2015
GROUND RENT: £200 per annum
FLAT 3
LEASE: 125 years from 29th September 2015
GROUND RENT: £200 per annum
FLAT 4
LEASE: 125 years from 29th September 2015
GROUND RENT: £200 per annum
CURRENT GROUND RENT INCOME: £1,000 per annum

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.