Sold £96,000
- Commercial Property
- Tenure: Leasehold. 67 years left Grent income now 5200 doubles in 2018
Call the team on 01603 505 100 for more information
Ground rent investment currently producing £5200pa rising to £10,400 in 2018
Ground rent investment of 26 industrial units producing an income £5,200pa. Twenty-six warehouse units on the riverside industrial estate producing a ground rent income of £5,200pa. This dou8bles in 2018 to £10,400pa. We are selling the head lease with approximately 67 years remaining. The units have parking and loading areas and are situated in a business parade of commercial premises close to the riverside. The whole site extends to approx. 2.5 acres
Tenure
Leasehold. 67 years left Grent income now 5200 doubles in 2018
Lease:
The head lease was granted by Great Yarmouth Borough Council in 1985. There is a £200 per unit ground rent which doubles in August 2018 to £400 per unit.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Great Yarmouth Borough Council. Tel: 01493 856100
Solicitors
England & Co, 137 Bells Road, Gorleston, Norfolk NR31 6AG, Ref: Mrs L Anderson, Tel: 01493 604990
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
