Auction House London

Lot 15

 

Properties At Dukes Rise

Shepton Mallet, Somerset, BA4

Sold Post

A Freehold Ground Rent Investment Secured Upon 41 Self-Contained Flats Producing £6,150 per annum and Leasehold Bin Store

Description

Tenure

Freehold.
The Bin Store is held on a 125 year lease from 21st June 2006 and therefore has approximately 117 years unexpired.

Location

The properties are situated in the rural town of Shepton Mallet approximately 20 miles south from Bristol city centre. Transport links are provided by A37 and Bruton rail station.

Description (2nd Column)

The property comprises a ground rent investment secured upon forty one self-contained flats and the leasehold interest in the communal bin store.

Note (2nd Column)

The Freeholder is responsible for both the insurance and management of the development.

Viewing Details

Open Site

Column 1 Column 2 Column 3
Property Lease Annual Rent
9, 10 Nalder Close 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years
1, 2, 3, 4, 5, 6, 7, 8 Draycott House 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years
22, 24, 28, 30, 32 Marlborough House 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years
1, 2, 3, 4, 6 Pennard House 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years
1, 2, 3, 4, 5, 7, 8, 9, 10, 11, 12 Dulcott House 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years
1, 2, 3, 4, 5, 6 Dinder House 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years
Work Unit, 7 Sherring Road 125 years from 21/06/2006 £150 each flat. Market Rent Reviews every 25 years

Additional Fees

Administration charge: £1,200 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.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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