FREEHOLD GROUND RENT INVESTMENT ON 8 FLATS
Guide price: £25,000 - £30,000
Location & Description
A modern detached block comprising 8 flats on the east side of Stocksfield Road, adjacent to Athlone Court and just east of West Street and approximately ¼ mile from Wood Street (mainline) station.
The flats are each sold on long leases for:
99 years from 01.01.2008 at £250 p.a.
No ground rent or service charge has been collected since the inception of each lease.
EQUIVALENT TO £2,000 p.a.
Sold for £61,000