GROUND RENTS CURRENTLY AVAILABLE
15 MAY 2012
FOR MORE INFORMATION PLEASE CALL 01372 468102
GERDDI MAIR, NORTH WALES CH5 1BS
4 flats paying a total ground rent of £700 per annum.
Leases have an unexpired term of 995 years
Ground rents increase inline with the retail price index.
Landlord manages and insures building
Sale is subject to the service of section 5 notices
PRICE £10,500 (Subject to Contract) Plus our fees
FOR SALE
MAUDE ROAD, LONDON SE5 8NY
4 flats paying total ground rent of £1000 per annum
3 leases 125 years from 01/01/09 & 1 lease of 99 years from 01/01/08
Ground rents on 125 year leases increase £250 every 25 years. 99 year lease increases by £250 every 33 years.
Landlord manages and insures building
PRICE £19,000 (Subject to Contract) Plus our fees of £1250 + VAT
FOR SALE
SURBITON HILL PARK, SURBITON KT5 8EF
9 flats within a detached victorian house converted aprox 25 years ago
All leases have an unexpired term of circa 100 years
Each flat pays annual ground rent of £125 per annum (total £1125 per annum)
Freeholder currently insures and manages but the lessees may be looking at the right to manage
Section 5 notices have NOT been served
Price £21,500 plus our fees
FOR SALE
CHAPEL LANE, KIPPAX, LEEDS LS257HA
6 apartments with 125 year leases from 2007*
*Each lease pays £250 per annum (total £1,500)*
*No ground rent increases*
*Freeholder manages and insures*
PRICE £22,500 (subject to contract) plus our fees.
FOR SALE
ROWLANDS COURT, ROWLANDS ROAD, WORTHING, WEST SUSSEX
New headlease 999 years being created for 8 purpose built flats/maisonettes above shops.
5 flats with leases of 67 years and 3 with leases of 93, 96 & 124 years.
Each flat pays annual ground rent of £75 per flat (total £650 per annum)
No insurance or management. This is dealt with by freeholder.
Flats are 2 beds aprox 600 Sq ft.
Section 5 notices have already been served and the notice period expired
Price £31,000 plus our fees
FOR SALE
ST IVES ROAD,CARBIS BAY CORNWALL
Block of 14 apartments and 2 shops built in 2010
Leases are 999 years from 1/1/2010
Each flat pays annual ground rent of £200 per annum (total £3,200. per annum)
No ground rent increases
Freeholder currently insures and manages and recovers from the lessees
Section 5 notices have NOT been served
Price £44,800 plus our fees
FOR SALE
LONGSTONE HOUSE, CARBIS BAY, ST IVES, CORNWALL TR26
Block of 21 apartments built in 2009
Leases are 999 years from 1/1/2009
Each flat pays annual ground rent of £150 per annum (total £3,150. per annum)
Ground rents increase every 10 years by £50.00.
Freeholder currently insures and manages and recovers from the lessees
Section 5 notices have NOT been served
Price £47,250 plus our fees
PROPERTIES CURRENTLY UNDER OFFER / SOLD
GREENHITHE, DARTFORD, DA9 9LX
2 flats with leases under 80 years
Leases are 99 years from 1991
Each flat pays an annual ground rent £100 per annum. We are awaiting details of any reviews.
Awaiting details of management and insurance provisions in the lease.
£5,000 subject to contract plus our fees
SOLD
KETTERING, NORTHAMPTONSHIRE
6 purpose built flats
Each flat pays an annual ground rent of £50.00 per annum.
Total income of £300 per annum
Income does not increase
Leases are 125 years
Landlord is responsible for managing and insuring the building
£6,000 subject to contract
SOLD
STANSTEAD, CM24
*3 flats each paying £175 p.a. (total £525.00. p.a.)*
* Leases 150 years from 2005*
*Ground rent increases to be advised*
*Freeholder responsible for insurance and maintenance*
PRICE £6,950 (Subject to Contract)
GROUND RENT REVERSION UNDER OFFER
COMMERCIAL ROAD, BOURNEMOUTH BH2 5LU
999 year headlease with 4 under leases to 4 studio flats
The under leases are 99 years from 1985
Each flat pays an annual ground rent of £50.00 per annum (total £200 per annum)
No insurance or management rights.
£7,500 subject to contract plus our fees
UNDER OFFER
St. JOHNS VILLAS, ST JOHNS ROAD, WOKING GU21 1SB
*4 flats each paying £100pa with 125year leases from Mar 2003*
*Ground rents double every 25 years*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £8,000 (Subject to Contract)
UNDER OFFER
RICHMOND ROAD, BRISTOL BS6 5EW
4 flats built aprox 5 years ago with leases of 995 years
Total ground rent income £400 per annum
No ground rent increases
Freeholder insures and manages building
Building insurance premium £1006
Section v notices have NOT been served yet.
Price £8,500 (Subject to contract)
SOLD
ARGYLE ROAD, ILFORD, ESSEX
*3 flats (all one beds) paying total of £300 pa with 85 year leases (originally 99 years) and increase by £100 every 33 years*
*1 flat (one bed) paying total of £150 pa with 85 year leases (originally 99 years) and increase by £50 every 33 years*
*Freeholder has the benefit of both managing and insuring (£1,000 premium) the block*
PRICE £8,000 (Subject to Contract)
SOLD
WHITCHURCH LANE, EDGWARE, HA8 6NZ
*3 flats each paying £150pa with 125 year leases from Nov 2004, Jan 2005 and Feb 2005*
*Ground rents double every 25 years*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £8,500 (Subject to Contract)
SOLD
St. BONIFACE GARDENS, St. BONIFACE, VENTNOR, ISLE OF WIGHT
*3 flats each paying £30pa with 99 year leases from Mar 1980*
*Believed to increase by £30 every 33 years*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £10,500 (Subject to Contract)
SOLD
VICTORIA ROAD, CLACTON
*4 flats each paying £45 with 99 year leases from Dec 1987*
*Ground rents increase to £60 in 2020 and £75 in 2053*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £11,000 (Subject to Contract)
UNDER OFFER
THE SIDINGS, ISLE OF WIGHT P031
2 small blocks for sale please follow this link
PRICE £11,000 (Subject to Contract) Plus our fees
UNDER OFFER
TUFTON ROAD, LONDON E4 8LE
2 purpose built flats
Ground floor flat has a lease of 125 years and pays annual ground rent of £250 doubling every 25 years
First floor flat has a lease of 99 years from 25/12/1997 and pays annual ground rent of £175.00 doubling every 25 years
Landlord is responsible for managing and insuring the building
£12,000 subject to contract
UNDER OFFER
3 flats paying total ground rent of £700 per annum
Ground rent derived as follows: 1 x £200.00. 2 x £250 per annum
Ground rents double every 25 years
New leases of 99 years are being granted by landlord
Landlords insures and manages and recovers from lessees
PRICE £12,600 (Subject to Contract) Plus our fees
UNDER OFFER
FRIARS STREET, KINGS LYNN, NORFOLK
5 purpose built flats with leases of 125 years from August 2007
Each flat pays £150.00 ground rent per annum
Ground rents increase by £100.00 every 25 years
Landlord is responsible for managing and insuring the building
£12,750 subject to contract
SOLD
UPPER VILLAGE ROAD, ASCOT
*3 flats with 125 years from Jan 2007*
*Ground rent each paying £250pa (£750) which double every 35 years*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £13,500 (Subject to Contract)
UNDER OFFER
ULLETT ROAD, LIVERPOOL, L17 2AB
*Block of 10 flats with 150 year leases built in 2004/2005*
*Each flat pays £150 per annum ground rent (total £1500 per annum)*.
*Ground rent increase every 25 years to £250, £500, £750, £1,000, £1,250 per annum*
Ground rent arrears £1,439.
*No insurance or management rights as this is carried out by the lessees*
PRICE £17,000 (Subject to Contract)
SOLD
BEACONSFIELD COURT, ST HELENS ROAD, ORMSKIRK LIVERPOOL, L17 2AB
10 flats with 999 year leases from 2002.
Each flat pays £75.00 per annum ground rent (total £1350 per annum) no increases
Ground rent arrears £4239.35
Section 5 notices served and tenants have not taken up their rights
Landlord manages and insures building
PRICE £18,500 (Subject to Contract)
SOLD
DRAKEFELL ROAD, LONDON SE14 5SJ
*2 large 2 bed flats each paying £35pa (total of £70pa) with 99 year lease from Sep 1985*
*Uplifts to £140 then £210 in total every 33 years*
*Freeholder has the benefit of insuring the block but not managing *
PRICE £18,500 (Subject to Contract)
SOLD
DENZIL ROAD, LONDON, NW10 2XB
*2 flats each paying £50 pa (total £100pa) with 99 year leases from 3 September 1982*
*No uplifts - TBC*
*Both 2 bedroom flats*
*Lessees to manage and insure block*
PRICE £18,500 (Subject to Contract)
SOLD
HUXLEY PLACE, LONDON N13
*2 x 1 bedroom flats each paying £40pa (total £80pa)*
* Both leases are 99 years from Sep 1982*
*Lessees manage and insure the block*
PRICE £19,000 (Subject to Contract)
UNDER OFFER
ARAGON ROAD TWICKENHAM TW1 3NG
7 flats each paying ground rent of £150 per annum. Total ground rent of £1050 per annum
Leases have an unexpired term of 993 years
Ground rents double every 25 years
Landlord manages and insures building
Sale is subject to the service of section 5 notices
PRICE £19,000 (Subject to Contract) Plus our fees
SOLD
NOBLE STREET, WEM, SHROPSHIRE
*6 flats producing a total of £1,180pa with 999 year leases from 1975*
*Ground rents linked to RPI and change yearly*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £20,000 (Subject to Contract)
SOLD
COLLEGE ROAD, MAIDSTONE, KENT, ME15
*4 x 1 bed flats each paying £150pa with 125 year leases from Sep 2006*
*4 x 2 bed flats each paying £200pa with 125 year leases from Sep 2006*
*Total annual income of £1400 pa*
*Please call for details of uplifts*
PRICE £20,000 (Subject to Contract)
SOLD
ORMSKIRK, LIVERPOOL
*18 flats all with 999 years leases from 2002*
*Each flat pays £75.00 per annum ground rent (total £1350 per annum) ground rent does not increase.
*Landlord manages and insures building*
PRICE £20,250 (Subject to Contract)
SOLD
ACTON, LONDON W3
*2 flats each paying £20pa (total of £40pa)
One lease is 129 years from 1976 (95 years unexpired) and the other lease is 99 years from 1974 (63 years unexpired)
*Landlord manages and insure building*
PRICE £21,500 (Subject to Contract)
SOLD
DOWNAHILL ROAD, CATFORD, SE6 1SY
*2 flats, one (3 bed) paying £30pa with 99 year lease from Sep Apr 1977 which uplifts by £30 every 33 years
and the other (1 bed) paying £300pa with 125 year lease from 2007 with no uplifts *
*Lessees to manage and insure block*
PRICE £22,000 (Subject to Contract)
UNDER OFFER
SPITFIRE COURT OFF HOLLANDS WAY, EAST SUSSEX RH19
Recently built block block comprising of 4 apartments with 125 year leases from 2011
Each flat pays £300 per annum ground rent. Total £1200 per annum
Ground rent doubles every 25 years
Landlord is responsible for management and insurance
Price £21,600 subject to contract
UNDER OFFER
ISABELLA COURT, DOWNHAM MARKET, PE38 9BS
6 flats built aprox 5 years ago with leases of 125 years
Total ground rent income £1,200 per annum
Ground rent increases by £2.50 per £1,000 increase in property value from lease start date
Freeholder insures and manages building
Price £21,600 plus our fees of £1,000 plus vat.
Reversionary Ground Rents Under Offer
RAVENSHURST AVENUE, HENDON NW4
2 purpose built victorian maisonettes
Ground floor lease start date 99 years from 24/6/1977. (65 years unexpired)
First floor lease start date 99 years from 25/3/1972. (61 years unexpired)
Total Ground rent income of £100 per annum.
No management or insurance
We believe the maisonettes are 1 bed but please make your own enquiries. We hope to have a lease plan soon.
Price £23,000 subject to contract plus our fees
SOLD
HIGHTOWN ROAD, LUTON, LU2
*10 flats each paying £150 pa (total of £1,500)*
*125 year leases from 2006 - TBC*
*Ground rents double every 25 years*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £24,000 (Subject to Contract) plus our fees
UNDER OFFER
ST LEONARDS ROAD, BOURNEMOUTH,
Recently built block of 5 apartments
Leases are 99 years from January 2008
Total ground rent income of £750.00 per annum
Ground rents increase by £150 every 25 years
Landord manages and insures
GROUND RENT REVERSION SOLD
BAYFORD ROAD, NW10 5DN
Pair of victorian conversion flats
Leases are 99 years from 5/11/1984
Each flat pays ground rent of £50.00 per annum. (Total income of £100 per annum)
Ground rents increase by £50.00 every 33 years
Awaiting details of management and insurance provisions in the lease.
£25,000 subject to contract plus our fees
SOLD
ALBEMARLE ROAD, KENT BR3 5HL
Development of 7 flats
Leases are 125 years from 1997
Each flat pays annual ground rent of £200 per annum. Total income of £1400 per annum
Ground rents increase by £100 every 25 years
Landlord is responsible for managing and insuring the bulding
£25,200 subject to contract plus our fees
SOLD
MASWELL PARK ROAD, HOUNSLOW MIDDLESEX.
Converted house comprising of 4 flats
Ground rent income is £420.00 per annum
Leases are as follows: 104 yrs, 104 yrs, 154 yrs and 63 years. (The 63 year lease is a studio flat).
Ground rents double every 20 years.
2 garages to the rear of the property are included. We are advised that each garage was let for £700 each per annum.
Landlord manages and insures
Price £26,000 subject to contract
UNDER OFFER
8 flats paying total ground rent of £1550 per annum
All leases are 125 years from 2011
Ground rents increase by £1550 in 2036 and increase by the same amount every 10 years thereafter
Landlord manages and insures building
Sale is subject to servic of section 5 notices.
PRICE £27,900 (Subject to Contract) Plus our fees
SOLD
ST PETER'S LODGE SHOPPENHANGERS LANE, MAIDENHEAD, BERKSHIRE SL6 2PZ
*Built by Fitzmor Homes. A Recently built block of flats in Maidenhead*
*8 flats each paying an annual ground rent of £200 each ( total £1600 per annum)*
*All 8 leases are 150 years from 2005/2006. Ground rents double every 25 Years.*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £32,000 subject to contract plus our fees
UNDER OFFER
CHASE ROAD, SOUTHEND-ON-SEA SS1 2WU
Development of 20 flats
Leases are 125 years from 24th June 2000
Each flat pays annual ground rent of £100 per annum. Total income of £2,000 per annum
Ground rents double every 25 years, so first increase is in just over 14 years
No management or insurance
£32,000 subject to contract plus our fees of £1,500 + VAT
SOLD
MILL LANE, KINGTHORPE, NN2 6PT
*15 flats producing total of £2,250*
*On a 125 year head lease from Nov 2005*
*No management or insurance*
PRICE £33,500 (Subject to Contract)
UNDER OFFER
PICKERSLEIGH MEWS, MALVERN WR14 2TN
2 Blocks comprising of 11 apartments with 125 year leases from March 2007
Each flat pays £250 per annum ground rent. Total £2,750 per annum
Ground rent doubles every 25 years with first increase 24th March 2031
No management or insurance as this is dealt with by a seperate management company
Price £38,000 subject to contract plus our fees
UNDER OFFER
GROUND RENT PORTFOLIO FOR SALE (HOUSES)
BOLTON, LANCASHIRE BL3 3SS
Title to a Complete / Whole Development
16 Properties (Houses) producing £200 per annum each
GROSS GROUND RENTAL £3,200 per annum
999 Year Lease - No Periodic reviews
The Development is Three years Old
ADDITIONALLY
Service Charge of £150 per Property payable per annum
GROSS SERVICE CHARGE £2,400 per annum
Last Years actual Costs - less than £500
Price £39,500 plus our fee
UNDER OFFER
BECKENHAM, KENT BR3 5EJ
*Development of 12 Flats*
*Each flat pays annual ground rent of £200 per annum. Total annual income of £2400*
Ground rents increase by £100 every 25 years
*Leases are 125 years from 1996.*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £43,200 subject to contract plus our fees
UNDER OFFER
MIDLAND ROAD, NORTHAMPTON NN8 1NG
11 flats each paying £200 per annum (total £2200pa)
Leases are 125 years from 2010
Ground rents increase by £200 every 15 years
Freeholder manages and insures
No section 5 notices necessary
PRICE £44,000 (Subject to Contract) plus our fees.
UNDER OFFER
CHIPPENHAM, WILTSHIRE
*23 flats paying £125 each (total of £2,875) with 99 year leases from Sep 2009*
*Ground rents linked to RPI with 15 yearly reviews*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £45,000 (Subject to Contract)
UNDER OFFER
BEAN STREET, HULL, HU32
*14 flats each paying £200 (total £2800) with 999 year leases from 2007*
*Ground rent increaes every 10 years. Reviews linked to RPI*
*Freeholder has the benefit of both managing and insuring the block*
PRICE £55,000 (Subject to Contract)
UNDER OFFER
WEST SUSSEX, RH19 3BE
*11 apartments currently being built with 125 year leases*
*Each lease pays £350 per annum (total £3850)*
*Ground rent increaseses every 10 years and is linked to the retail price index*
*Landlord manages and insures*
PRICE £65,000 subject to contract plus our fees
BECKENHAM PORTFOLIO SOLD
THE HERONS COURT DOWNS ROAD, BECKENHAM BR3 6LL
Block of 6 flats built in 2002
Leases are 125 years from 2002
Each flat pays annual ground rent of £200 per annum. Total £1200
Ground rents increase every 25 years from £200 to £400 to £550 to £700 to £850.
Landlord is responsible for managing and insuring the block.
Price £22,800 STC plus our fee
FALCONET COURT, RAVENSCROFT ROAD, BECKENHAM BR3 4TE
Block of flats built in 2009
Each flat pays £350 per annum. Total £3150
Ground rents increase every 25 years from £350 to £600 to £900 to £1500 per annum
Freeholder is responsible for insurance and management
Price £56,700 STC plus our fee
THE MENDIPS, COPERS COPE ROAD, BECKENHAM BR3 1NS
Block of flats built in 2004
Leases are 125 years from 2004
Each flat pays £250 per annum. Total £2250
Ground rents increase every 25 years from £200 to £400 to £650 to £800 to £950 per annum.
Landlord is responsible for management and insurance
Price £40,500 STC plus our fee
BROADWATER, BROMLEY ROAD, BECKENHAM BR3 5NU
Block of 7 flats built in 2006.
125 year leases for 2006
Each flat pays £250 per annum. Total £1750.
Ground rents increase every 25 years from £200 to £400 to £650 to £800 to £950 per annum.
Landlord is responsible for management and insurance
Price £31,500 STC plus our fee
GRIFFIN COURT, ALBERMARLE ROAD, BECKENHAM BR3 5FA
Block of 14 flats built in 2009
All leases are 125 years from 2009
Each flat pays £350 ground rent per annum. Total £4900
Ground rents increase every 25 years from £350 to £600 to £900 to £1500 per annum
Landlord is responsible for insurance and management.
Price £88,200 STC plus our fee
SOLD
PREBEND STREET, ISLINGTON N1
Development consisting of of 82 flats built in 2006 (58 private flats & 24 housing association flats.)
Leases are 250 years
Ground rent income of £16,300 per annum
Ground rent doubles every 10 years until 50th anniversary of the term
No insurance or management rights
First review due in 2016
Section v notices to be served by the purchaser
£375,000 subject to contract + our intro fees of 2% + VAT
We are selling ground rents in the following locations:
East London South London West London Birmingham Leeds
Manchester Liverpool Yorkshire