Ground Rents in Clapham, London (SOLD 2013)



Ground Rent Details

Ground Rents Sold >> Long Leases

  • No. of Units40
  • Total Income £ 14,200
  • Length of Lease250
  • Lease Start Date-
  • Details of Uplift10 yearly RPI subject to a minimum uplift of 3% p.a. compound
  • Date of Next Uplift-
  • Management/InsuranceY/Y
  • Price£ 312,400
  • Any Further Commentsground rents in Clapham, London. Please call for further information. GROUND RENTS URGENTLY REQUIRED - BEST PRICES ALWAYS ACHIEVED

This is a forward purchase opportunity of 40 apartments.  11 affordable rent units on a single lease of £3,850 p.a. (£350 per unit) with no right to assign part and 5 shared ownership each unit paying £350 p.a. (total £1,750) and 24 private units.

The private dwellings are as follows:-

12 x beds @ £300 p.a. (total £3,600)

10 x two beds @ £400 p.a. (total £4,000)

2 x three beds @ £500 p.a. (total £1,000)

The ground floor is office space on a 999 year lease on a peppercorn but freeholder will manage and insure.

Total annual income on ground rents is £14,200

Construction due to commence March 2013 with completion expected September 2014.  Offers invited with a 10% deposit and practical completion date.

 



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