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-
- 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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