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.
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.