On the instructions of Petersfield Methodist Church Freehold ground rent investment producing £200 pa (rising) with 1 short lease with only 60 years remaining.

Detached freehold ground rent investment,the former Vicarage, arranged as three leasehold flats each with a car space. Situation The property is situated in central Petersfield. Leases Flat 1 - 189 year lease from 25th March 1983 - 188 years remaining Flat 2 - 99 year lease from 25th March 1983 - 60 years remaining - a 1 Bedroom Flat 3 - 160 year lease from 25th March 1983 - 121 years remaining Ground Rents Flat 1 - Peppercorn rent Flat 2 - Current rent £100 per annum increasing every 33 years £50/£100/£150 Flat 3 - Current rent £100 per annum increasing by £100 every 25 years Notices Section 5B Notices Landlord & Tenant Act 1987 ( as amended ) have been served. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY

Lot Type

Ground Rents

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

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