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

Description

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

Tenure

Freehold

Location

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.

Tenancy

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.

Viewing Details

Please refer to us directly on: 0207 625 9007

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Current Rent Reserved £8,800 per annum

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

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