Park home for sale

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Park home for sale

Stratford Road, SHIPSTON-ON-STOUR
£25,000

Our Summary

  • SUMMARYAUCTION SALE 20 May 2025 - Freehold Ground Rent Investment, Secured on Six Purpose Built Flats and Garages, Three Flats with Valuable Reversions in 40 years,DESCRIPTIONFreehold Ground Rent Investment Secured on Six Purpose Built Flats and Garages Three Flats with Valuable Reversions in 40 years
  • Flats 1, 2 and 4 have valuable lease extension potential with these leases expiring March 2065Lease Schedule:Flat Lease Terms Ground Rent NotesFlat 1 - lease: 99 years from 25/03/1966 expiring March 2065Ground rent: £12
  • AUCTION SALE

Description

This is a freehold ground rent investment property secured on six purpose-built flats and garages, with three flats having valuable reversions in 40 years. The property includes parking facilities and communal garden areas, with a total current ground rent reserved of £72 per annum. The leases for three flats have been extended, providing an additional 90-year term from 2065, with the ground rent reducing to a peppercorn at that time. The leases for three other flats expire in 2065, offering valuable reversion potential. The property is being sold at auction, with a guide price and a contract documentation fee payable to the auction house. The seller may also charge additional fees upon completion.