Property Auctions - reversion

Auction date: Thu, 02/12/2021 - 08:00

Freehold Ground Rents amounting to £8,700 per annum doubling every 25 years derived from Forty One Flats, Two Store Rooms and One Parking Space each on leases for a term of 125 years from 23rd March 2003.

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, 08/12/2021 - 10:00

A portfolio of 9 residential freehold ground rents producing a combined annual income of £233 per annum. The properties comprise large detached houses and land.

Auction date: Tue, 07/12/2021 - 12:00

A portfolio of freehold ground rents producing £368pa secured to 23 houses, held on 200 year leases from 25th March 1965 at fixed ground rents of £16pa each

Auction date: Tue, 07/12/2021 - 12:00

Freehold industrial ground rent of £1,670pa - 99 years from 7th June 2010 with 30 year reviews

Auction date: Wed, 08/12/2021 - 10:00

Freehold interest in an apartment development offered subject to 32 leasehold agreements producing a total income of £4,800 per annum for a period of 150 years from September 1993. The development was constructed in 1994 by Barratts and the leaseholders are responsible for a monthly service charge of £149.45 providing a total annual contribution of £57,388.80.

Auction date: Wed, 10/11/2021 - 09:00

A semi building arrangd as two purpose built flats each sold on lease. Total Current Ground Rent £400 per annum

Auction date: Wed, 10/11/2021 - 09:00

Well located in a popular residential area near underground station and  Country Park, a detached residential block comprising 18 flats and 18 garages, each sold on leases. Ground Rent Investment let at £1,625 per annum.

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

This semi-detached building is arranged as two self-contained flats, both sold on long leases. Currently let at £60 per annum