FREEHOLD GROUND RENT INVESTMENT FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 09TH JANUARY AT 1PM
PLEASE REGISTER TO BID VIA OUR WEBSITE - AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE
FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 09TH JANUARY AT 1PM
GROUND RENT FREEHOLD INVESTMENT - 17 Old Village Road, Barry - The lot comprises the Freehold Ground Rent Interest that is secured upon an attractive bay-fronted period property, which is subject to the terms and remainder of a 999-year lease which commenced on the 2nd February 1906. The property produces a yearly ground rent of £3pa (every year) and the leasehold tenant occupier is responsible for all repairs, decorations, and insuring the property throughout the lease term.
External Viewings Only. Buyers must not disturb the leasehold owner-occupiers in any way by trespassing and trying to visit the inside of the property. Only the freehold ground rent interest is being sold which is subject to the long leaseholder 999 year lease as described in these details.
Please be advised that the seller has received a notice dated 20th December 2022 from the current long leaseholders solicitors made under the Leasehold Reform Act 1967 to enfranchise the freehold ground rent interest.
The property will now be sold at auction subject to the terms of the notice to enfranchise and the auction buyer will therefore be required to comply with and reply to the notice to enfranchise within 2 months from 20 December 2022 and the buyer is to take over all negotiations (at his own costs) after completion of his auction purchase.
Tenure: See Legal Pack
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.
Call the team on 0114 223 0777 for more information
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