Auction House / South Yorkshire
  • For Sale By Unconditional Online Auction
  • Guide Price* : £1
  • Auction Ended 10/01/2023
  • Lot 12

Freehold of 17 Old Village Road, Barry, South Glamorgan, CF62 6RA

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID

Description

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

Important Notice to Prospective Buyers

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

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

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* Guide | £1
  • Unconditional (Immediate Exchange)

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.