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Agent's details

Merrydown, Bramley Avenue, Horam, Heathfield, East Sussex, TN21 0FN

For sale: £32,000.00|Residential

Property details

FOR SALE£32,000.00
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 )

Location

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Location: Merrydown, Bramley Avenue, Horam, Heathfield, East Sussex, TN21 0FN

Buxted (6.1 miles)

Uckfield (6.8 miles)

Berwick (7.1 miles)

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