Sold £25,000
- Terraced House
- Tenure: Freehold
Call the team on 02920 475 184 for more information
Freehold Ground Rent Opportunity
An opportunity to acquire the freehold ground rent interest of the property. The house is currently held on a leasehold basis of 50 years from 17th October 2003, the current rent payable by the long leaseholder is £1600 per annum and is currently in arrears. We are advised that a rent review is due on 17th October 2028. In addition to the income from current ground rent payable there is of course the potential of premium incomes from a lease extension or sale of the freehold. Please ensure that you have read the legal pack prior to bidding on this lot.
Tenure
Freehold
Viewings
Strictly no internal viewings, further information is available from the Auction House Wales office on 02920 475184.
Local Authority
Blaenau Gwent County Borough Council
Solicitors
NHS Solicitors, Ref: NHS Solicitors
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.
Additional Fees
Administration Charge - 1.2% 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.
