Property Summary

Two modern blocks of flats with parking, all sold off on long leases - 125 years from 1 Jan 2016 (one flat from 2017).

Arranged as 9 flats; 5 flats in 125 and 4 flats in 127.

Total current rent £2,950 (rising).

All flats are £350pa doubling every 25 years save for Flat 2 (127) which is £250 fixed and Flat 3 (125) which is £250 rising to £700 and then doubling every 25 years.

There is a Right to Manage (RTM) in place on the property.

Offers Invited

Subject to serving of Section 5a Notices under the Landlord and Tenant Act 1987 (as amended)

Disclaimer

Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to verify the information for you. All measurements are approximate. These Particulars do not constitute a contract or part of a contract.

private treaty - sale status

Offers invited

type

Freehold Ground Rent Ivnestment
Two modern blocks of flats with parking producing £2,950pa (rising)

description

Two modern blocks of flats with parking, all sold off on long leases - 125 years from 1 Jan 2016 (one flat from 2017).

Arranged as 9 flats; 5 flats in 125 and 4 flats in 127.

Total current rent £2,950 (rising).

All flats are £350pa doubling every 25 years save for Flat 2 (127) which is £250 fixed and Flat 3 (125) which is £250 rising to £700 and then doubling every 25 years.

There is a Right to Manage (RTM) in place on the property.

Offers Invited

Subject to serving of Section 5a Notices under the Landlord and Tenant Act 1987 (as amended)

Disclaimer

Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to verify the information for you. All measurements are approximate. These Particulars do not constitute a contract or part of a contract.