A freehold Ground Rent investment of 4 flats and 2 garages

Situated on the western fringe of the town centre is this investment comprising the Freehold Ground Rents of 4 flats together with their respective parking spaces along with a DETACHED DOUBLE GARAGE with a further parking space to the front. The flats have all been sold on 999 year leases from 2011 and give a combined Ground Rent income of £300 per annum, the leaseholders also pay £100 per annum management fee and are each responsible for 25% of any repair costs. The garages have previously been let on licences at £100 per calendar month but are now being sold with vacant possession. Located as they are within a densely populated residential area, letting the garages shouldn’t be an issue and we see this as a solid long term investment.

Tenure

Freehold

Viewing

Any reasonable time at own risk

Services

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

Local Authority

Ipswich Borough Council. Tel: 01473 432000

Solicitors

Hayward Moon, Connexions, 159 Princes Street, Ipswich IP1 1QJ, Ref: Mark Lomas, Tel: 01473 927510

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

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