This auction lot consists of 2 separate freehold ground rent investment interests secured upon these 2 attractive detached family houses. Each house benefits from having front and rear gardens, garaging and secure off road parking drive areas to the front.
Both Freehold Ground Rent investments are located in a very sought after residential area in the popular Southport, Birkdale area and in close proximity to the very popular well regarded "Royal Birkdale Golf Course".
The Freehold Interest of 32b Grosvenor Road, Southport, Birkdale is being sold subject to a 999 year FR&I Tenanted Occupational Ground lease producing a yearly ground rent income of £25pa
The Freehold Interest of 7 Lancaster Road, Southport, Birkdale is being sold subject to a 999 year FR&I Tenanted Occupationial Ground lease producing a yearly ground rent income of £15 pa
The buyer of this auction lot will therefore benefit from receiving a combined yearly ground rent income of approximately £40 per annum derived from both freehold ground rent investments, which they must pay the new buyer for the remainder of the long leases.
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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