Property Summary

A modern 2006/07 development of 22 flats. All sold off on long leases of 125 years from 1 October 2006. All are 2 storey, 2 bedroom flats, 8 flats front of Sproughton Road (54a-56d) and 14 flats are to the rear, all with car parking spaces. Current income £12,232pa

lot type

Ground Rents

schedule

GROUND RENT REVIEW CLAUSE - RPI (all items) every 5 years
Initial rents were all £449 with a review at year 10, then 5 yearly reviews thereafter. The current rent payable is £566 pa per flat. The next review date is 1 Oc 2021/ The review is the increase between dates by which the Community & Local Government UK House Price Index" rises. We calculate that the UK HPI has increased by 16.5% since 1 Oct 2016 so the reviewed rent as today's date will be £658.86 per flat or £14,495pa. This is subject to change by the review date as at 1 Oct 2021

type

For Sale
Freehold Ground Rent Investment, producing £12,232pa

description

A modern 2006/07 development of 22 flats. All sold off on long leases of 125 years from 1 October 2006. All are 2 storey, 2 bedroom flats, 8 flats front of Sproughton Road (54a-56d) and 14 flats are to the rear, all with car parking spaces. Current income £12,232pa