Dorchester Gardens, Worthing, BN11 5AY

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Property Summary
Description 9 blocks of 70 flats and 68 garages in total. Blocks 1, 2, 4, 6, 7, 8 & 9 each have 6 flats. Block 3 has 12 flats. Block 5 has 16 flats.
Short Leases Flats 29, 38, 47, 52, 65 & 66 have only 45 years remaining and are 99 year leases from 01 April 1971 at £35pa fixed.
Long Leases 23 flats have peppercorn extended leases. 41 extended leases have ground rents. All leases are £75, £100, £125 rising every 40 years save for the following:

Flat 40 - £250, doubling every 20 years. Next review 25 December 2040
Flats 25 & 54 - £500, doubling every 20 years. Next review 25 December 2040
Current total £4,310.

Schedule of flats and leases available on request
Service charge accounts available on request
The Freehold is owned by Dorchester Gardens (Worthing) Limited (Co. Regn. No. 1330392)

The property is offered either as a Freehold, in which Section 5A Landlord and Tenant Act 1987 will need to be served OR by way of the sale of shares in the Freehold Company. Copy accounts are available.

Note A boundary wall adjacent to the site is leaning over and the area has been fenced off.

Correspondence with adjacent owners available from 2022.

lot type

Ground Rents

private treaty - sale status

SOLD 2025

type

Freehold Ground Rent Investment For Sale – producing £4,310 pa (rising)

description
Description 9 blocks of 70 flats and 68 garages in total. Blocks 1, 2, 4, 6, 7, 8 & 9 each have 6 flats. Block 3 has 12 flats. Block 5 has 16 flats.
Short Leases Flats 29, 38, 47, 52, 65 & 66 have only 45 years remaining and are 99 year leases from 01 April 1971 at £35pa fixed.
Long Leases 23 flats have peppercorn extended leases. 41 extended leases have ground rents. All leases are £75, £100, £125 rising every 40 years save for the following:

Flat 40 - £250, doubling every 20 years. Next review 25 December 2040
Flats 25 & 54 - £500, doubling every 20 years. Next review 25 December 2040
Current total £4,310.

Schedule of flats and leases available on request
Service charge accounts available on request
The Freehold is owned by Dorchester Gardens (Worthing) Limited (Co. Regn. No. 1330392)

The property is offered either as a Freehold, in which Section 5A Landlord and Tenant Act 1987 will need to be served OR by way of the sale of shares in the Freehold Company. Copy accounts are available.

Note A boundary wall adjacent to the site is leaning over and the area has been fenced off.

Correspondence with adjacent owners available from 2022.