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Freehold Investment for Auction Westminster London W1G
Auction Date
19 September 2024
Guide Price
£300,000
Property Summary
Guide Price £300,000+. Unique Ground Rent Investment in W1. Includes 25 Flats & Medical Centre all (sold off) let for 999 years from 2016. Total Ground Rent £24,250 per annum exclusive. The passing rent is equivalent to the ground rents receivable from 19 residential under leases. 6 flats pay no ground rent. The ground rent from the 19 flats is passed direct to the Freeholder. For the 19 flats that pay a ground rent the lease provide for RPI Linked rent reviews from 1/04/2040 and every 20 years thereafter.
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