About the property
Key features
- 10 Ground rents returning £1750 per annum.
- 125 year leases from 2016.
- No chain.
Material information
Property description
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :
ATTENTION INVESTORS - A PARCEL OF GROUND RENTS AVAILABLE TO BUY. The total ground rent income is £1750 per annum ( £175 per apartment, 10 flats). The freehold title is subject to a Lease dated 29 April 2022 made between (1) Rutland Park Developments Limited and (2) Wadsley Chapel Apartments Management Limited. The lease is for a term of 125 years less 10 days from and including 01 August 2016 to and including 22 July 2141. The annual rent is the aggregate of the yearly sums first reserved as rent under the flat leases as such sums are reviewed from time to time under the provisions of the flat leases. Under the flat Leases the annual rent is £175 until the 4th of September 2026 and then it increases £100 every tenth anniversary of the term.
Description
ATTENTION INVESTORS - A PARCEL OF GROUND RENTS AVAILABLE TO BUY. The total ground rent income is £1750 per annum ( £175 per apartment, 10 flats). The freehold title is subject to a Lease dated 29 April 2022 made between (1) Rutland Park Developments Limited and (2) Wadsley Chapel Apartments Management Limited. The lease is for a term of 125 years less 10 days from and including 01 August 2016 to and including 22 July 2141. The annual rent is the aggregate of the yearly sums first reserved as rent under the flat leases as such sums are reviewed from time to time under the provisions of the flat leases. Under the flat Leases the annual rent is £175 until the 4th of September 2026 and then it increases £100 every tenth anniversary of the term.
At ELR Sheffield, we love our customers and their homes, and are focused on making sure that you get a seamless, professional and personal service by getting to know our sellers' and buyers' needs. WE CARE. ELR Sheffield is the most longstanding estate agent in the Sheffield property market and with 180 years experience, there isn't a lot our Property Professionals cannot advise you on with your sale or purchase. We aim to deliver the best price and timescale to suit you, making sure that you have all the information that you need through a channel that you prefer. Maybe using our 24/7 property portal where you can access information on viewing, offers and notes on your transaction, or would you prefer a friendly telephone call? Its up to you...
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