A Freehold Ground Rent Investment Secured Upon a Semi Detached Building Arranged as Three Self-Contained Flats (All Sold Off) Producing £900 Per Annum

The property comprises a semi detached building arranged over ground and first floors internally arranged to provide three self contained flats (all sold off).

Tenure

Freehold

By Order of the LPA Receivers

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Tooting Bec Common are within easy reach. Transport links are provided by Balham underground station (Northern line) and rail station.

Further Information

A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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