Basingstoke, Hampshire
Property Summary
1970's built block with flat roof comprising 12 flats and garages.
4 flats extended at peppercorn rents but remainder producing ground rents, 5 of which review in March 2024 to RPI.
2. The adjoining block is also offered for sale but separate 5A Notices will be required.
3. All copy Leases, Freehold office copy entries available on request.
4. Service charge accounts available on request.
5. Last sales in block:-
a) Flat 20 - £158,500 - March 2022; poor condition
b) Flat 5 - £178,200 - Dec 2021
c) 2 Bed currently on market @ £180,000
6. Freeholder Manages & Insures
7. Offered, subject to Section 5A Notices Landlord & Tenant Act 1987 (as amended).
8. Current ground rent details available on request.
9. Term of Lease available on request.
lot type
Ground Rents
private treaty - sale status
Offers invited
type
Freehold Ground Rent Investment - 3 short leases - imminent RPI reviews
description
1970's built block with flat roof comprising 12 flats and garages.
4 flats extended at peppercorn rents but remainder producing ground rents, 5 of which review in March 2024 to RPI.
2. The adjoining block is also offered for sale but separate 5A Notices will be required.
3. All copy Leases, Freehold office copy entries available on request.
4. Service charge accounts available on request.
5. Last sales in block:-
a) Flat 20 - £158,500 - March 2022; poor condition
b) Flat 5 - £178,200 - Dec 2021
c) 2 Bed currently on market @ £180,000
6. Freeholder Manages & Insures
7. Offered, subject to Section 5A Notices Landlord & Tenant Act 1987 (as amended).
8. Current ground rent details available on request.
9. Term of Lease available on request.