Description

Freehold Ground Rent Investment In Kent 

Address:-

Plots 1,2,3,4,5,6,

The pump house,

Forstal road,

Aylesford,

Maidstone,

Kent,

Me20 7ah.

Location

Located in Kent the properties enjoy a convenient  journey into London with the city centre being 40 miles away while still maintaining the green spaces of the Kent downs with them being less than a mile away. The port town of Dover is only 41.2 miles away and the seaside town of Margate is only 49 miles to the east with a direct connection from the M2 to the A299.

Description

The Property that the Freehold interest is in consists of one- and two-bedroom apartment dwellings. The building itself is an old Water Pumping station. Made of brick the building has a flat roof and still has the exterior of the pumping station before conversation into flats.

Tenancies

The long leasehold have been granted for a term of 125 years starting 1st July 2015 for each plot of land, and ending on the 30th June 2140. Each Long Lease has to pay a £150 Per annum ground rent with a uplift every 25 years, first increase rising to £200 Per annum the second increasing rising to £250 Per annum the third increasing to £300 Per annum and the final          Increase rising to £400 Per annum for the final 25 year term.

Tenure

Freehold.

Further Information:

Contact Tom Duckworth on 0161 2172727 or Email: [email protected].