Berkshire Ground Rent Investment For Sale (SOLD)

• Freehold of 8 flats at 19, 21, 23, 25 Pendennis Road and 48/50/52/54 Dover Crescent, Bedford, Bedfordshire.
  The flats comprise of 4 x 1 bedroom units, and 4 x 2 bedroom units.
  Six of the flats, 3 being 1 bedrooms, and 3 being 2 bedrooms, are held on the original 99 year leases from 1 June 1984. Just under 66 years remaining.
  The flats at 23 and 25 Pendennis Road have new 99 year leases granted from September 2016 with ground rents of £50 per annum rising ( we understand but to be confirmed by RPI every 10 years)
  The six un-extended leases each have ground rents commencing at £30 per annum rising at the retail price index (RPI) every 10 years, currently calculated at £48 per annum each.
  It is understood by the buyer that the ground rents have not been collected for some while and the maintenance has been on somewhat of a casual basis.

Berkshire Ground Rent Sales