Ground Rents Isle of Wight PO33 £35,000 – £40,000
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Auction date: Wed, 17/06/2020 - 10:00
An attractive freehold property situated in the heart of the village and previously in use as a school and, more recently, as a care home, before conversion into eleven self-contained flats, all of which are sold on long leases. Each flat is sold on a 125 year lease from varying commencement dates in 2018 and 2019 with six at a current ground rental of £250 per annum, and five at £200 per annum. All flats have 10 yearly RPI based reviews
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