Ground Rent Investment for Auction Sudbury CO10

Guide Price £30,000 - £35,000. This interesting investment lot consists of the Freehold of an age restricted (over 55s) development complex comprising of 51 bungalows. In total there is a current ground rent payable of £1,828 per annum which is subject to a review every 21 years. The next review is scheduled for September 2034. The leases were originally granted for the term of 125 years from 1992. The Freeholder also has the right to charge a transfer fee of 1% for any assignment transfer, underletting or parting of possession.