For Sale By Auction | 01 August 2023 | Lot 22

Freehold Ground Rent Interest 32B Grosvenor and 7 Lancaster Road, Southport, Merseyside

Sold £251

  • Property For Sale

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Auction Closed

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Freehold Ground Rent Interest, 32B Grosvenor and 7 Lancaster Road • PR8 2ES please register to bid via our website - auctionhouse.co.ukFreehold Ground Rent Interest, 32B Grosvenor and 7 Lancaster Road • PR8 2ES 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. 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.