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Sandiacre, Nottingham, NG10

Sold for for £25,000.
 

Guide Price £17,500-£20,000 plus fees


Thursday 12th December 2013

11.00am
Key Features
A Portfolio of 277 Long Leasehold Ground Rents.<1mm/> Producing Annual Profit Rent of £1,585.36
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Sold for for £25,000.

property

Lease Details

All 277 properties are subject to Leases for terms of 999 years (less 3 days), commencing between years 1961 and 1975.
Total Ground Rent Receivable £6,001.
Income
Total Ground Rents Collected: £6,001.00
Ground Rent Payable to the Freeholder: £4,415.64
Annual Profit Rent due to the Headlessor: £1,585.36.

Property Description

270 Leasehold ground rents secured on houses in Longmoor Lane, Hayworth Road, Lancaster Avenue, Willow Rise, Far New Close, Devon Close, Woodside Road, Huntingdon Walk, Hampshire Drive, Sussex Way, Norfolk Walk, Netherfield Road, Hadstock Close, Mountfield Avenue, Sandiacre, Nottingham. Nos. 27-39 (odd nos.) Hayworth Road are shops with flats over and we understand that the shops are subject to sub-underleases.See legal pack for further details.

Property Type

Ground Rents

Tag Line

A Portfolio of 277 Long Leasehold Ground Rents.
Producing Annual Profit Rent of £1,585.36

Tenure: