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Lot 11 - Portfolio of 20 Freehold Ground Rent Investments, Market Street, Boyatt Crescent, Spring Lane, Brookwood Ave, Chamberlayne Rd, Drinkwater Close, Eastleigh, Hampshire, SO50

Guide Price* £1,000

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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 20 individual houses
  • Investment producing £76.90 per annum

Freehold ground rents secured upon 20 individual houses. Ground Rent Investment producing £76.90 per annum

Description

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

Location

The properties are located north of Southampton City Centre, in the town of Eastleigh. Public transport includes Eastleigh railway station. Shopping and recreation facilities can be found nearby.

Lease Terms

Address Lease Term Effective from Ground Rent (p.a.)
172 Market Street, Eastleigh SO50 5PT 999 years 25/3/1886 £2.20
178 Market Street, Eastleigh SO50 5PT 999 years 25/3/1886 £2.20
104 Leigh Road, Eastleigh SO50 9DU 999 years 15/11/1935 £5.00
81 Allbrook Hill, Eastleigh SO50 4NA 1000 years 25/3/1883 £1.25
1 Boyatt Cottages, Lewes Close, Eastleigh SO50 4QJ 1000 years 29/9/1893 £1.35
20 Boyatt Crescent, Eastleigh SO50 4LP 999 years 25/12/1954 £8.00
2 Brookwood Avenue, Eastleigh SO50 9EP 999 years 29/9/1935 £5.00
12 Brookwood Avenue, Eastleigh SO50 9EP 998 years 29/9/1934 £5.00
18 Brookwood Avenue, Eastleigh SO50 9EN 998 years 29/9/1935 £5.00
28 Brookwood Avenue, Eastleigh SO50 9EN 999 years 29/9/1935 £5.00
42 Brookwood Avenue, Eastleigh SO50 9EN 999 years 29/9/1935 £5.00
44 Brookwood Avenue, Eastleigh SO50 9EN 999 years 29/9/1935 £5.00
50 Brookwood Avenue, Eastleigh SO50 9EN 999 years 29/9/1935 £5.00
29 & 41 Chamberlayne Road, Eastleigh SO50 5JN 999 years 25/3/1886 £2.75 each
4 & 5 Drinkwater Close, Eastleigh SO50 9EL 998 years 29/9/1935 £4.00 each
46 Spring Lane, Bishopstoke, Eastleigh SO50 6BA 1000 years 25/3/1895 £2.80
48 Spring Lane, Bishopstoke, Eastleigh SO50 6BA 1000 years 25/3/1895 £2.80
56 Spring Lane, Bishopstoke, Eastleigh SO50 6BA 1000 years 25/3/1895 £2.80
Total ground rent payable £76.90 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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Documents

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