This property is not currently available. It may be sold or temporarily removed from the market.
Property Summary
SOLD BY AUCTION ON THE 16TH MAY 2019 FOR £8,000. A Ground Rent Investment secured on a building arranged as two flats with Long Leases. In accordance with the Landlord and Tenant Act 1987, Section 5 (b) Notices have been served.
Full Details
DESCRIPTION
35a Cotswold Road:
99 year Lease commencing 29th September 2013 at an initial Ground Rent of £150 per annum for the first 25 years rising to £300 per annum for the following 25 years, £600 for the following 25 years and £1,200 for the balance of the Term.
35b Cotswold Road:
99 year Lease commencing 29th September 2013 at an initial Ground Rent of £200 per annum for the first 25 years rising to £400 per annum for the following 25 years, £800 for the following 25 years and £1,600 for the balance of the Term.
Thus currently producing £350 per annum.
In accordance with the Landlord and Tenant Act 1987, Section 5 (b) Notices have been served.
VIEWING
Contact auctioneer on 01702 43 22 55 for Legal Pack details.