Property Summary

The property is a Grade II Listed detached building on 4 main floors with former uses, including a convent, all with parking spaces and visitor parking spaces. Arranged as 8 Flats

Leases All Leases are 125 years from 24.3.1994
Flat 4 has been extended at peppercorn rent.

Ground Rent Review Originally £50pa per flat
Reviewed 24 June 2019 and every 25 years to 1/800th of capital value on basis of 125 year lease. Current rent is £624.94 per flat
Next review due in 21 years
Last recorded sale in block was Flat 5 (3 bed) in 2021 for £785,000

Notes 1. Freeholder Manages and Insures
2. Subject to Section 5a Notices being served
3. All leases available upon request
4. Sole Agents
5. The Managing Agents are DMG who have managed for 17 years and would be happy to continue

private treaty - sale status

Under Offer 2024

type

Freehold Ground Rent Investment, producing £4,374.58pa

description

The property is a Grade II Listed detached building on 4 main floors with former uses, including a convent, all with parking spaces and visitor parking spaces. Arranged as 8 Flats

Leases All Leases are 125 years from 24.3.1994
Flat 4 has been extended at peppercorn rent.

Ground Rent Review Originally £50pa per flat
Reviewed 24 June 2019 and every 25 years to 1/800th of capital value on basis of 125 year lease. Current rent is £624.94 per flat
Next review due in 21 years
Last recorded sale in block was Flat 5 (3 bed) in 2021 for £785,000

Notes 1. Freeholder Manages and Insures
2. Subject to Section 5a Notices being served
3. All leases available upon request
4. Sole Agents
5. The Managing Agents are DMG who have managed for 17 years and would be happy to continue