Rare Freehold Ground Rent Investment For Sale
14 Residential Long Leaseholds Available
Residential Management Co. Handling Day To Day Management
Stepped Ground Rent Increments
Total Ground Rent Currently £3,500 p.a.
The premises are located in a prominent position in the centre of Send village. Woking town centre is about 3 miles away (10 minutes drive) with good access to the A3 (approx 1 mile) and to the M25 at Junction 10 (approx 9.5 miles) offering connectivity to the surrounding areas.
Fourteen residential long leases are available for freehold purchase split over two blocks known as Grove House and Cartbridge Court constructed in 2006. Access to the rear is by electric gated entrance between the two blocks. There is parking for all long leaseholders, plus a shared communal garden to the rear. There is a residential management company who are responsible for the day to day management of the communal parts. Three spaces are unallocated and retained by the freeholder. These are currently being used as visitors parking spaces.
Grove House:
6 long leases dated 25.03.06 for a term of
125 years, currently paying £250 Ground
Rent per flat.
Cartbridge Court:
8 long leases dated 25.03.06 for a term of
125 years, currently paying £250 Ground
Rent per flat.
£80,000 for the Freehold interest.
All long leases are dated 25/03/06 for a term of 125 years; currently paying £250 p.a. Ground rent; with 25 yearly stepped increments.
Upon request.
01483 300 176