Offered for Sale: Freehold Ground Rent Investment
Offered for Sale:
Freehold Ground Rent Investment
The subject property is located in Bournemouth, governed by Bournemouth, Christchurch and Poole Council.
The property is situated at the corner of Muscliffe Road, close to local shopping/travelling facilities available on Wimborne Road and Bournemouth Town Centre including Bournemouth Rail Station.
The property is a two storey detached residential dwelling which appears to be of a traditional brick construction with pitched slate tiled roof, UPVc glazed windows to both front and rear of the property. The property has been split into two flats.
The subject property comprises the freehold interest only. Currently Freehold Ground Rents amounting to £30 per annum are derived from Two Self-Contained Flats each on long leasehold interest, as follows:
- 69 Brassey Road – on lease for a term of 99 years from 1st September 1978 at a ground rent of £15 per annum. Reversionary interest in approximately 55 years; and
- 69A Brassey Road – on lease for a term of 99 years from 1st September 1978 at a ground rent of £15 per annum. Reversionary interest in approximately 55 years.
Contact Tom Duckworth on 0161 2172727 or Email: [email protected].
Property TypeApartment Building