Basingstoke, Hampshire
Property Summary
1970's block with flat roof comprising 12 flats and garages.
3 flats extended at peppercorn rents but remainder producing ground rents, 2 of which review in march 2024 to RPI and 1 review in 2025.
6 x 50 year Leases
Current rent is £1,240.93
2. The adjoining block is also offered for sale but separate Section 5A Notices will be required.
3. All copy Leases, Freehold office copy entries available on request.
4. Service charge accounts available on request.
5. Review dates available on request.
6. Current ground rents available on request.
7. Last sales in block:-
a) Flat 20 - £158,500 - March 2022, poor condition
b) Flat 5 - £178,200 - December 2021
c) 2 Bed on market @ £180,000
Freeholder Manages & Insures
Offered, subject to Section 5A Notices Landlord & Tenant Act 1987 (as amended).
lot type
Ground Rents
private treaty - sale status
Offers invited
type
Freehold Ground Rent Investment - 6 short leases - imminent RPI reviews
description
1970's block with flat roof comprising 12 flats and garages.
3 flats extended at peppercorn rents but remainder producing ground rents, 2 of which review in march 2024 to RPI and 1 review in 2025.
6 x 50 year Leases
Current rent is £1,240.93
2. The adjoining block is also offered for sale but separate Section 5A Notices will be required.
3. All copy Leases, Freehold office copy entries available on request.
4. Service charge accounts available on request.
5. Review dates available on request.
6. Current ground rents available on request.
7. Last sales in block:-
a) Flat 20 - £158,500 - March 2022, poor condition
b) Flat 5 - £178,200 - December 2021
c) 2 Bed on market @ £180,000
Freeholder Manages & Insures
Offered, subject to Section 5A Notices Landlord & Tenant Act 1987 (as amended).