Freehold Ground Rent Investment
Freehold ground rent income comprising of:
Ground Floor Retail Unit sold on a 999 year lease from 8th November 2017 at a ground rent of £200 per annum
Ground Floor Flat sold off on a 125 year lease from the 24th June 2017 at a ground rent of £250 per annum
First Floor Flat sold off on a 125 year lease from the 24th June 2017 at a ground rent of £250 per annum
Total Income Per Annum £700
Situated in Tarring Road Worthing in busy thoroughfare close to mainline railway station.
Of the qualifying tenants, of which there are 2, one has, we are advised, formally declined their rights to purchase the freehold therefore a requisite majority cannot be reached.
Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.
The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.