Offered for Sale: Freehold Ground Rent Investment Opportunity.
Description
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Offered for Sale:
Freehold Ground Rent Investment Opportunity.
Location
The property is in a central location close to the Crosby beach front in a desirable commuter location with the Merseyside City Region, with close links to Liverpool city centre.
Description
The ground lease are standard form residential and car park ground leases granted for a term of 250 years.
The rent payable for the 98 apartment ground leases is understood to be £350 per unit per annum (subject to RPI indexed rent reviews every 10 years).
The rent payable for the 101 car park space ground leases is understood to be £50 per unit per annum (subject to RPI indexed rent reviews every 10 years).
The property comprises two buildings on site ; Crosby gardens which with 46 apartments and Sky Gardens with 43 apartments and 9 penthouses. In addition there are 101 car park spaces.
Development Opportunity.
| There is currently planning in place for 9 duplexes to be built on the top of the existing structure, giving the freehold investor an exciting opportunity to make quick returns.
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| Planning application reference number: – DC/2020/02252
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Tenure
Freehold.
Further Information:
Contact Tom Duckworth on 0161 2172727 or Email: [email protected].
