Summary
Residential Ground Rent Investment Opportunity - on behalf of Joint Administrators
Summary
• Two residential blocks of flats, containing a total of 28 flats
• Total ground rent income - approximately £XXX per annum
The opportunity comprises two self-contained residential blocks, both held on separate freeholds and containing 28 flats in total, with associated car parking spaces.
Harmony Court
Block of 24 residential flats. Ground rent of £XXX per annum per flat (Total income £XXX per annum)
Merchant House
Block of 4 residential flats. Ground rent of £XXX per annum per flat (Total income £XXX per annum)
Summary
• Leases were granted with 99 year terms, with the majority having in excess of 75 years remaining.
• The leases also contain assignment premiums with the freeholder benefiting from a minimum of 1.5% of the sale price for lease assignments
• Further title and lease information available on request
• Please note that the sale will be subject to a Landlord & Tenant Act 1987 Section 5 (Right to Buy) process. Therefore the sale will be delayed for circa two months whilst the long leaseholders are consulted.
• Unconditional offers are invited.