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Location: Ground Rents: Flats 1-7 Harrington Court, Heol Poyston, Ely, Cardiff, CF5 5LA

Freehold Ground Rents

Guide Price: SOLD

Full Description:
A parcel of Freehold Ground Rents secured on a block of seven flats in a building having facing brick and spar rendered elevations, under a pitched tiled roof covering. All leases are for a term of 120 years from 25th March 1987 at a current annual ground rent of £75 per annum per flat for the next 28 years, £120 per annum per flat for the third 30 years and £175 per annum per flat for the final 30 years. The ground leases have approximately 88 years unexpired. HENCE TOTAL CURRENT GROUND RENTS OF £525 PER ANNUM Tenure: Freehold Further information: Auctioneers Office, Seel & Co (029) 2037 0117 Guide Price: £11,000+ Additional Fees: Buyers Premium – 0.5% with minimum of £600 (inc of VAT) payable on exchange of contracts. Please check the legal pack for any further disbursements that may be payable by the purchaser on completion. Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.