Freehold Ground Rent Investment Offered For Sale

Description

Middleton Barton Asset Valuation Limited are instructed to offer for sale a highly attractive package of income producing freehold property comprising:

  • 24 freehold titles comprising 22 apartments and 2 ground floor commercial units in a single modern purpose-built apartment block
  • Located in South East England
  • 999-year leases granted
  • Annual rental income circa £3,300 per annum
  • Rental income partly subject to periodic reviews part subject to RPI indexation

Location

Chaucer House, Wheatley Road, Whitstable, CT5 1FT.

Chaucer House is situated behind an Edwardian style façade, the development comprises 22 bespoke luxury apartments, combining traditional architecture with contemporary comfort.

The location on the door step of Whitstable’s pebble beach, High Street and working harbour, it is well located being just 500m from the railway station with hi-speed trains direct to London St. Pancras in 78 minutes.

Description

Ground Floor comprises:

  • Entrance lobby
  • 8 Person passenger lift
  • 2 Staircases
  • Allocated off street parking spaces
  • Bicycle store
  • Refuse & recycling area
  • Secure parking for mobility scooters
  • Access to Westmeads Recreational Ground

First Floor comprises:

  • 13 Apartments
  • Communal hallway
  • 8 Person passenger lift
  • 2 Staircases

Second Floor comprises:

  • 9 Apartments
  • Communal hallway
  • 8 Person passenger lift
  • 2 Staircases

Construction of the property completed in 2017.

Tenure

All apartments are occupied on 999 year groud leases.

Further Information:

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

 

Property Type

Freehold Investment

Tenure

Freehold

Price

£POA

Location

Whitstable, South East England
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