Ground Rents Worcestershire WR2 £30-£35,000
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Auction date: Wed, 20/02/2019 - 11:00
A portfolio of eight Freehold Ground Rents secured upon four two storey end terraced properties each containing a pair of apartments and situated within a modern housing development. Each maisonette benefits from an allocated parking space. Each apartment is subject to a long lease for a term of 99 years which commenced on the 25th March 1983, paying a Ground Rent of £35 per annum for the first 33 years, rising to £70 per annum for the second 33 years and rising again to £140 per annum for the remainder of the term . The current Ground Rent being received from each lessee is £70 per annum.
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