Auction House London

Lot 133

 

Freehold Ground Rents 5, 55 and 80 Glandwr Street

Abertillery, Gwent, NP13 1TZ

£30,000+

Guide Price (plus fees)

A Parcel of Three Freehold Reversionary Ground Rent Investments Secured Upon Three Terraced Houses. The Unexpired Lease Terms on the Houses are 35, 36 and 40 Years.

Description

The lot comprises a parcel of three traditional two/three bedroom terraced houses all sold off on reversionary leases.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Abertillery Park are within easy reach. Transport links are provided by Ebbw Vale Parkway rail station.

Note

By way of information regarding the vacant possession value of houses on this road, both 54 and 76 Glandwr Street have sold in the last 12 months for £80,000 (source: land registry)

Column 1 Column 2 Column 3
Property Lease Ground Rent
5 Glandwr Street 99 years from 1st July 1959 (thus 36 years unexpired) £3
55 Glandwr Street 99 years from 1st July 1963 (thus 40 years unexpired) £3
80 Glandwr Street 99 years from 1st July 1958 (thus 35 years unexpired) £3

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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