A FREEHOLD GROUND RENT INVESTMENT SECURED UPON AN ATTRACTIVE BAY-FRONTED PERIOD PROPERTY FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 12TH SEPTEMBER AT 1PM WITH AUCTION HOUSE. PLEASE REGISTER TO BID VIA OUR WEBSITE - AUCTIONHOUSE.CO.UK/SOUTHYORSHIRE.FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 12TH SEPTEMBER AT 1PM AND CLOSES TUESDAY 13TH SEPTEMBER FROM 1PM. REGISTER TO BID!FREEHOLD GROUND RENT INVESTMENT SECURED UPON - 6 ROMILY AVENUE, BARRY, SOUTH WALES, CF62 6RB, WHICH IS AN ATTRACTIVE DOUBLE-BAY FRONTED PERIOD PROPERTY LOCATED IN A VERY POPULAR SOUGHT-AFTER RESIDENTIAL AREA. THE FREEHOLD INTEREST BEING SOLD IN THIS LOT IS LEASED SUBJECT TO THE REMAINDER OF A 999-YEAR LEASE, WHICH COMMENCED ON 2ND FEBRUARY 1906. THE PROPERTY PRODUCES A YEARLY GROUND RENT OF £3PA PAYABLE TO THE FREEHOLDER. THE LONG LEASEHOLDER OCCUPIER IS RESPONSIBLE FOR ALL REPAIRS, INSURANCE, AND MAINTENANCE OF THE PROPERTY THROUGHOUT THE REMAINDER OF THE LONG LEASE. VERY IMPORTANT NOTICE - AT THE END OF THE ONLINE AUCTION, THE AUCTION BUYER WHOSE HIGHEST BID HAS BEEN ACCEPTED WILL BE UNDER A LEGALLY BINDING CONTRACT TO PURCHASE THE PROPERTY AT THE LAS BID AND MUST IMMEDIATELY PAY THE MINIMUM DEPOSIT OF 10% OF THE SALES PRICE OR £5,000 TO AUCTION HOUSE SOUTH YORKSHIRE BY BANK TRANSFER OR DEBIT CARD AND PROVIDE SOLICITOR DETAILS. Tenure: Freehold

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.