The Willows, Grinstead Lane, Lancing, BN15 9DN

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Property Summary
Description Detached block of 10 flats, all 1 bedroom built circa 1980

Leases 5 short leases with circa 57 years remaining - flats 2, 5, 8 9 & 10

Remainder flats; all extended with 120-147 years remaining

Ground Rent Income Short Leases; £50/£100/£200 rising every 30 years
Long Leases; all zero rent

Notes Full details of Terms/Rents, Leases and Office Copy Entries available upon request

Freeholder Manages and Insures

Offers Invited Subject to Section 5A Notices Landlord & Tenant Act 1987

lot type

Ground Rents

private treaty - sale status

Sold 2023

type

Freehold Ground Rent Investment, producing £500pa (rising)

description
Description Detached block of 10 flats, all 1 bedroom built circa 1980

Leases 5 short leases with circa 57 years remaining - flats 2, 5, 8 9 & 10

Remainder flats; all extended with 120-147 years remaining

Ground Rent Income Short Leases; £50/£100/£200 rising every 30 years
Long Leases; all zero rent

Notes Full details of Terms/Rents, Leases and Office Copy Entries available upon request

Freeholder Manages and Insures

Offers Invited Subject to Section 5A Notices Landlord & Tenant Act 1987