*Guide | £275,000+ (plus fees)
- Commercial Development
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Freehold Ground Rent Investment Arranged to Provide Nine Flats (All Sold Off) Producing a Ground Rent of £2,925 Per Annum. Offered with Planning Permission for the Roof Space to Erect a Single Storey Extension to Create Three Flats (2 x One Bedroom & 1 x Two Bedroom)
The property comprises a freehold ground rent investment arranged to provide nine flats (all sold off) situated in an end of terrace building arranged over ground and three upper floors.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Brunswick Park are within easy reach. Transport links are provided by Queens Road overground station and rail station.
Planning
Southwark Borough Council granted the following planning permission (ref: 23/AP/2644) on 29th November 2023 : 'Details of Condition 4 (Construction Environmental Management Plan (CEMP)) pursuant to planning permission 20/AP/1951 granted on for: (Construction of a one storey extension to enable the creation of an additional three residential units)'. The planning has been implemented. Refer to legal pack.
Tenancy
Each flat is sold off on a 125 year lease from 2016 at a ground rent of £325 per annum.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
