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Lot 10 - Portfolio of 18 Freehold Ground Rent Investments, Bevois Valley Road, Brintons Road, Denzil Avenue, Northumberland Road & Derby Road, Southampton, Hampshire, SO14

Guide Price* £900

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Property Type
Terraced
Tenure
Freehold
Type
Residential
Bidder Security Deposit
£500*

Property Summary

  • On the instructions of Trustees
  • Freehold Ground Rents
  • Secured upon 18 individual houses
  • Investment producing £63.60 per annum

Freehold ground rents secured upon 18 individual houses. Ground Rent Investment producing £63.60 per annum.

Description

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

Location

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

Lease Terms

Address Lease Term Effective from Ground Rent (p.a.)
22 Bevois Valley Road, Southampton, SO14 0JR 1000 years 1/1/1843 £3.10
20 & 38 Brintons Road, Southampton SO14 0BY 998 years 25/3/1872 £3.75 each
50, 56, 64, 74, 76, 110, 112, 114 & 118 Brintons Road, Southampton SO14 0DB 998 years 25/3/1872 £3.75 each
47 Denzil Avenue, Southampton SO14 0LP 998 years 25/3/1882 £3.50
49 Denzil Avenue, Southampton SO14 0LP 998 years 25/3/1882 £3.50
131 Northumberland Road, Southampton SO14 0EP 999 years 25/3/1886 £2.75
136 Northumberland Road, Southampton SO14 0EQ 999 years 25/3/1886 £3.00
140 Northumberland Road, Southampton SO14 0EQ 999 years 25/3/1886 £2.75
15 Derby Road, Southampton SO14 0DE 998 years 25/3/1872 £3.75
Total ground rent payable £63.60 per annum

Note

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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