Ground Rent Investment, The Horizon, Navigation Street, Leicester, LE1 3UJ
£325,000+
Investment
Key Features
- Ground rent investment secured on a block of 112 apartments
- Freehold with a Total Current Rent Reserved of £16,800 per annum
- Lease terms are 150 years from June 2006
Part of the
26 September 2018
auction
Nottingham Racecourse
at
2.30PM
The freehold ground rent investment with a Total Current Rent Reserved of £16,800 per annum secured upon this block of 112 apartments in Leicester city centre.
- Prominent city centre location by Burleys Flyover
- Ground rent investment secured on a block of 112 apartments
- Lease terms are 150 years from June 2006
- Valuable ground rent reviews with fixed increases
- 98 apartments at £150pa (25yrs), uplifting to £300pa (50yrs)
- After 75yrs these rents are subject to fixed increase of £450pa
- 14 apartments at £150pa (50yrs), uplifting to £300pa (50yrs)
- After 100yrs these rents are subject to fixed increase of £450pa
- 999yr lease of a commercial unit at a Peppercorn Ground Rent
- Includes a telecoms mast let for 999 years
- Telecoms mast at a Peppercorn Ground Rent
- An ideal investment opportunity
This is a ground rent investment only - no viewings will be conducted.
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold
Email: gritter@wfw.com
Telephone: 020 7814 8000