Freehold ground rent investment block of 6 flats producing £2,700 pa.
Ground rent investment of a period block of 6 flats across lower ground, ground, first and second floor level together with on-site parking. The long leasehold interests are for 250 years from November 2016 each flat paying £450 pa (total rental income therefore £2,700 pa). The leases include 10 yearly rent reviews to RPI with the freeholder to insure the block and seek reimbursement from the long leaseholders. The property is prominently situated close to the centre of Whitby overlooking Pannett Park. Full details will be provided within the legal pack.
Tenure
Freehold
Energy Efficiency Rating (EPC)
Current Rating N/A
Local Authority
Scarborough Borough Council
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
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 inc 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.