‘rent paid under the terms of a lease by the owner of a building to the owner of the land on which it is built’.
Historically, Austin Gray have been involved in the sale of a wide variety of Freehold Ground Rent Investments over the years – be it a terraced house converted into 2 flats or a substantial block of flats made up of 50 or more units.
Recently, we were delighted to be instructed to sell a large portfolio of Freehold Ground Rent Investments for the original developers who had built them since the 1970s and retained the Freehold- geographically they were located in Sussex/Surrey/Kent & London, the largest block being made up of 34 flats through to the smallest – a buildings of just 6 units.
We were delighted to agree a sale within just 7 weeks of our client’s instruction, of all 30 Ground Rents. Despite the continuing talk of Leasehold Reform the demand continues from Investors albeit at a reduced level. When you dispose of these units your Agent has to have an understanding of the Acts that impact the disposal – i.e. Landlord and Tenant Act 1987 and the Leasehold Reform Housing and Urban Development Act 1993.
If you’re considering selling your Ground Rent Investment or alternatively, you’re looking to acquire such an investment- do contact Austin Gray we’d be delighted to offer our decades of experience and guide you through the process.