Ground Rent Reversions
If you are selling a freehold of a building that has been converted into flats more than 20 years ago, you may be surprised to find out that they may be more valuable that you think. If any of the leases are under 80 years you may well get a premium for the freehold should you decide to sell.
Our company will be able to tell you what the reversionary value is likely to be if any of the leases are under 80 years. We will be able to tell you what the enfranchisement value is going to be, and therefore what a buyer will be willing to pay for it.
Properties Wanted Across London
As soon as a lease drops below 80 years the freeholder is entitled to ask for a premium should the lessee apply for a lease extension. There is a formula to work out what this premium will be. the shorter the lease, the more the lessee should pay for a lease extension. If you would like to know the value of your building please give us a call and we will be able to advise you accordingly.
Leases Under 80 Years
The shorter the lease the more valuable it will be to a prospective buyer that is looking to buy your freehold interest. If you have got 10 flats that all have leases under 80 years, this factor is multiplied by 10.
We have many buyers that are specifically looking for reversionary ground rents across London and will pay top market prices. Provided your property is marketed at the correct price there is no reason why it should not sell within a week.
Below is a small selection of ground rent reversions recently sold.
We urgently require similar properties to sell.
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