ADDRESSMerrydown, Bramley Avenue, Horam, Heathfield, East Sussex, TN21 0FN
TYPEResidential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON16th February 2024
Description
- Freehold Ground Rent Investment For Sale. - Significant price reduction - Offers are invited in the region of £32,000. - Two residential blocks of flats with ancillary grounds and associated car parking. - Block 1 comprising nine self-contained flats with 125-year leases, producing ground rent income of £2,150 per annum. - Block 2 comprising nine self-contained flats with 125-year leases, producing peppercorn income. - The first ground rent review is 25/12/2043 and then every 25th anniversary of that date thereafter. - The ground rent doubles at each rent review. ( Agency Pilot Software ref: 22926 )