Auction House London

Lot 36


The Magenta Site

Barnsley Road, Wombwell, Barnsley, South Yorkshire, S73 8HA

Sold for £140,000.

A Ground Rent Investment Secured Upon 88 Houses Producing £8,800 per annum

By Order of the LPA Receivers


The property comprises a ground rent investment secured upon 88 units consisting of 1, 2, 3 and 4 bedroom houses.




The property is situated in the town of Wombwell approximately 4 miles South East of Barnsley town centre. Transport links are provided by Wombwell rail station.


The site is subject to a 999 year lease to Strata Homes Midlands Ltd from 31st August 2007. Each home in the development is sold by way of a sub-lease at a Ground Rent of £100 per annum rising by £50 per annum every 25 years.

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Please refer to us directly on: 0207 625 9007

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Current Rent Reserved £8,800 per annum


We have been advised that no rent has been demanded or collected for the current year i.e. on and from the 1st January 2015, and the Seller shall contract not to issue any demands.

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

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