To be sold by public auction Thursday 21st November 2019. Guide price: £35,000+ of interest to investors only: The freehold ground rent reversion held upon a purpose-built Seafront development comprising 10 apartments. Producing £800 p.a., rising to £3,400 p.a.
125 years from 02/01/1985. Ground Rent £300 p.a., rising to £1,200 p.a.
125 years from 02/02/1979. Ground Rent £100 p.a., rising to £800 p.a.
Flats 3 & 7
215 years from 02.02.1985. Ground Rent - Nil.
Flats 4,5,6, & 8
215 years from 02.02.1979. Ground Rent - Nil.
125 years from 02.02.1985. Ground Rent £100 p.a., rising to £200 p.a.
125 years from 16.11.2018. Ground Rent £300 p.a., rising to £1,200 p.a.
Total Income Thus
£800 p.a., rising to £3,400 p.a.
See Auction Legal Pack for copy leases, details of incremental increases in Ground Rent, insurance/maintenance provisions, etc.
D. M. Nesbit & co. (17167/024071)
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
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Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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