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Withdrawn | Lot 6

42-64 Westgate Street, Nottingham, East Midlands, NG3 3GA

Withdrawn

  • Property For Sale

Call the team on 01273 201989 for more information

Auction Date

Thu 10/06/2021

Auction Time

14.30pm

Auction Venue

Live Stream

Freehold Ground Rent Investment on 12 houses producing £8796 pa Review 2023.

An unusual opportunity to acquire the freehold of 12 long leasehold modern homes, built around 2007/08 Each Lease is for 125 years from 1 July 2008. Total current income is £8,796 pa (ie £733 per property -collected half yearly) Rent review clause is every 5 years reviewed to the higher of the RPI or HPI. Upward only. Next Review July 2023 Freeholder Insures Full repairing leases Original rent was £594 pa per house at commencement. We understand all houses are 3 bedrooms with car spaces.

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £900 (£750 plus VAT)

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