For Sale By Auction | 12:00, 14 September 2016 | Lot 89

1-57 Glenmore Place, Lisburn, County Antrim, BT27 4QT

*Guide | £40,000+ (plus fees)

  • Terraced House
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 14/09/2016

Auction Time

12:00

Auction Venue

The Cumberland, Great Cumberland Place, London, W1H 7DL

A Ground Rent Investment Secured against 57 Apartments Producing £2,850 per annum

The property comprises a ground rent investment secured against 57 apartments situated within three purpose built blocks arranged over ground and two upper floors.

Tenure

Freehold

2 Line Address

False

Location

The property is situated on a residential road in Lisburn close to local shops and amenities. The open spaces of Aberdelghy Golf Course are within easy reach. Transport links are provided by both Lambeg and Hilden rail stations.

Tenancy

Each flat is subject to an identical 999 year lease with a ground rent £50 per annum (payable in November each year). We understand that there are ground rent arrears of £650 which will be assigned to the new purchaser.

Lot Type

Ground Rents

VAT

VAT is not applicable

Viewing Details

No internal access. Please contact Justin Chilton on 020 3837 9757 or justin@auctionhouselondon.co.uk to discuss further.

Negotiator Signed Off

False

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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 - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.