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Freehold ground rent investment secured against 6 x semi detached houses.

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Description/Location

Each house pays an annual ground rent of £350 equivalent to a collective £2100 pa, the ground rents do not increase and the seller has confirmed there are no arrears. Leaseholders are responsible for their own management and insurance. Leases Include the Following Obligations: 1. Single private dwelling clause. 2. A repairing obligation to keep the property in good and tenantable repair. 3. To keep the property insured against usual comprehensive risks in joint names with the landlord in such insurance office as the landlord may from time to time approve. 4. There are no specific rights of light or air/right of developed reserve.

Address	Lessee	Type	Lease Term	Current Rent
2 Charlton Road	Individual	Single dwelling	999 years from 10/07/2003	£350 pa
111 Mill Lane	Individual	Single dwelling	999 years from 28/03/2003	£350 pa
113 Mill Lane	Individual	Single dwelling	999 years from 28/04/2003	£350 pa
115 Mill Lane	Individual	Single dwelling	999 years from 03/06/2003	£350 pa
117 Mill Lane	Individual	Single dwelling	999 years from 10/03/2003	£350 pa
119 Mill Lane	Individual	Single dwelling	999 years from 20/12/2012	£350 pa

The postcode at 2 Charlton Road is L13 4AP.

Tenure

Freehold

Rent

Ground Rent: £2100 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.