Head lease investment, producing ground rents of £650 pa, secured against 1 x 3 bedroom and 2 x 1 bedroom apartments across the first, second and third floors.

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Description/Location

The flats were built in 2020 with the benefit of a 10 year structural warranty. Held on leases for 125 years from 16/09/2020 with reviews every 10 years indexed to RPI.

Tenure

Head Lease: 125 years from 2020. Collective ground rent income £650 pa, reviews 10 yrs indexed to RPI.

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Rent

Ground Rent: £650 pa (rising)

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Legal documents

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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.