Industrial development for sale
Property description & features
- Tenure: Freehold
- Private leases have been granted at 999 years and affordable leases on 125 year terms
- Ground rent income totalling £14,050pax
- Rent doubles every 25 years for the first 100 years, then fixes for a final double for the remainder of the term
- Service charge currently totals £323,689 for year ending December 2024
- We are guiding £250,000 for the freehold interest (5.6% gross yield)
Comprising 36 leasehold apartments (24 x private and 12 x affordable units)
Private leases have been granted at 999-years and affordable leases on 125-year terms
Ground rent income totalling £14,050pax
Rent doubles every 25-years for the first 100-years, then fixes for a final double for the remainder of the term
Service charge currently totals £323,689 for year ending December 2024
We are guiding £250,000 for the freehold interest (5.6% gross yield)
Freehold ground rent investment with 68 car parking spaces for sale
Comprising 36 leasehold apartments (24 x private and 12 x affordable units)
Private leases have been granted at 999-years and affordable leases on 125-year terms
Ground rent income totalling £14,050pax
Rent doubles every 25-years for the first 100-years, then fixes for a final double for the remainder of the term
Service charge currently totals £323,689 for year ending December 2024
We are guiding £250,000 for the freehold interest (5.6% gross yield)
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 234341-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Henshall & Partners - London.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.