Property Auctions - head leasehold

Auction date: Wed, 14/12/2022 - 09:00

A Freehold Reversionary Ground Rent, with approximately 39 Years 7 Months unexpired, secured on a mid-terraced house. The property is understood to be subject to a 99 year ground lease from 1st July 1963, and having approximately 39 years and 7 months unexpired, subject to a ground rent of £3 per annum. 

Auction date: Thu, 27/10/2022 - 09:00

A freehold ground rent secured on a detached residential property.. We are informed that the property is subject to a 999 year lease from 1st January 1896 (approx. 873 years unexpired), subject to ground rent of £75 per annum.  

Auction date: Tue, 25/10/2022 - 09:00

Upper floor investment and new head lease. The property is a three storey mid-terrace period building with a Grade II listed frontage, situated on the main city centre retail and leisure street. The investment includes the ground floor entrance, and first and second floor investment units, extending to approximately 2100 sq ft each (195sqm) as well as the right over the roof space above which may have future development potential, subject to consent, there is also a small ground rent from the ground floor unit let to Tesco. We are informed that the lot will include a new 999 year Head Lease for the building. The first floor unit is let to UK Beauty Lounge Ltd on a 5 year lease from July 2022 for £18,000+vat and the second floor is let to Barbering School Wales Ltd from October 2021 on a 5 year lease for £20,000+vat. However, please consult the legal pack for verification of any and all tenancies and incomes.

Auction date: Tue, 25/10/2022 - 09:00

New 999 year head lease interest and ground rents for 6 apartments that form part of the larger development of 24 properties known as 'Arbor Vale'. The remaining interest in 7-24 Arbor vale are being sold as a subsequent lot in this sale.

Auction date: Wed, 21/09/2022 - 11:00

This converted period property comprises eight flats (with associated car parking spaces). Currently let at £1,000 per annum

Auction date: Thu, 19/05/2022 - 09:00

A freehold ground rent secured on a residential mid terraced property. We are informed that the property is subject to a 999 year lease from 2nd February 1907 (approx. 884 years unexpired), subject to a ground rent of £1.90 per annum.

Auction date: Wed, 08/12/2021 - 14:00

An opportunity to purchase head lease investments, for a property in the town centre. The head leases were granted to the seller on 25th December 2009 for a period of 130 years. Six subleases were granted to the residential flats, commencing on the 25th December 2011 and have circa 118 year unexpired terms. Each sublease currently provides a rental sum of £250 per year to the Head lease holder, therefore generating a rental income of £1500 per annum. Provisions are made within the subleases for the doubling of the rent every 25 years with the next review due on 25th December 2034. There are no payments required to the Freeholder, as the original provision of a rent from the seller to the freeholder has been removed, but the buyer will be responsible for passing up the service charge and insurance received from the undertenants.

Auction date: Wed, 03/11/2021 - 11:00

This ground rent investment is held on a Head Lease (The Crown is the freeholder) which expires on 5th July 2060 and includes 45 leasehold flats with associated garages, held as under-leases. 42 of the flats are sold on long under-leases with peppercorn ground rents. The three remaining flats produce a current annual ground rent income of £113.48 and should these leaseholders decide to extend at any date in the future, it offers the potential for a 50% share of the marriage value.

Auction date: Tue, 30/03/2021 - 12:00

The property comprises a head leasehold ground rent investment secured upon four flats on the ground and first floors of a mid terraced building. Current Rent Reserved £3,200 per annum

Auction date: Wed, 10/02/2021 - 12:00

The property comprises an overriding lease of a one bedroom flat situated within a purpose built block. The flat has 35 years unexpired on the lease.