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Lot 5 - Portfolio of 9 Freehold Ground Rent Investments, Andover Street, Sheffield, South Yorkshire, S3

Guide Price* £2,500

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Tenure
Freehold
Type
Residential
Bidder Security Deposit
£500*

Property Summary

  • On the instructions of the Administrator at CRG Insolvency & Financial Recovery
  • Freehold Ground Rents
  • Secured upon 9 individual houses
  • Investment producing £147.73 per annum

Freehold ground rents secured upon 9 individual houses. Ground Rent Investment producing £147.73 per annum.

Description

Nine individual houses of brick-built construction with pitched roofs located within a mainly residential catchment area.

Location

The properties are located north of Sheffield City Centre. Public transport includes Sheffield railway station. Shopping and recreation facilities can be found nearby.

Lease Terms

Address Lease Term Effective from Ground Rent (p.a.)
8 Andover Street, Sheffield S3 9EG 200 years 29/9/1926 £12.23 rising to £42.00
12 Andover Street, Sheffield S3 9EG 200 years 29/9/1926 £42.00
14 Andover Street, Sheffield S3 9EG 200 years 29/9/1926 £42.00
16 Andover Street, Sheffield S3 9EG 200 years 29/9/1926 £3.75
18 Andover Street, Sheffield S3 9EG 200 years 29/9/1926 £3.75
60 Andover Street, Sheffield S3 9EH 125 years 19/9/1988 £10.00 (*see note 1)
78 Andover Street, Sheffield S3 9EH 125 years 14/8/2000 £10.00 (*see note 1)
106 Andover Street, Sheffield S3 9EJ 200 years 25/3/1925 £14.00
110 Andover Street, Sheffield S3 9EJ 125 years 5/8/2002 £10.00 (*see note 1)
Total ground rent payable £147.73 per annum

Note

Note (1): Numbers 60, 78 & 110 Andover Street are held on individual headleases to Sheffield Council for a term of 200 years and 500 years (No. 78) from 25/3/1953, 25/3/1942 & 25/3/1935 at a combined ground rent of £22.00 per annum. Further details are available within the legal documentation.

Note (2): Please note that external photographs of the individual properties are available for inspection within the legal pack

The Buyer's Administration Fee on this lot will be reduced to £500 + VAT (£600) and not as mentioned in the Disclaimer paragraph below

VAT

Please refer to the legal documents

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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