Ground Rent Investment producing £4,200 pa.
Ground Rent Investment producing £4,200 pa. Ground rent investment of a 4 storey modern block of 14 apartments, each paying £300 pa. The total rental income therefore being £4,200 pa. Leases are dated June 2004 however the term is understood to be 999 years (less 20 days) from and including 01 March 1874. The landlord is responsible for insuring the block and re-charging the tenants a reasonable proportion. We are also informed that there is a management company in place. The property is situated fronting North Promenade, approximately ¼ mile north of St Annes centre.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating N/A
Fylde Borough Council
Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 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.