Back to auction

Lot 12 - Portfolio of 21 Freehold Ground Rent Investments, Upper Weston Lane, Tennyson Road, Rownhams Lane, Sedgewick Road, The Crescent, Wilton Avenue, Southampton, Hampshire, SO17, SO19

Guide Price* £950

Image 1 of 21
Image 2 of 21
Image 3 of 21
Image 4 of 21
Image 5 of 21
Image 6 of 21
Image 7 of 21
Image 8 of 21
Image 9 of 21
Image 10 of 21
Image 11 of 21
Image 12 of 21
Image 13 of 21
Image 14 of 21
Image 15 of 21
Image 16 of 21
Image 17 of 21
Image 18 of 21
Image 19 of 21
Image 20 of 21
Image 21 of 21
Image 1 of 21
Image 2 of 21
Image 3 of 21
Image 4 of 21
Image 5 of 21
Image 6 of 21
Image 7 of 21
Image 8 of 21
Image 9 of 21
Image 10 of 21
Image 11 of 21
Image 12 of 21
Image 13 of 21
Image 14 of 21
Image 15 of 21
Image 16 of 21
Image 17 of 21
Image 18 of 21
Image 19 of 21
Image 20 of 21
Image 21 of 21
Property Type
Terraced
Tenure
Freehold
Type
Residential
Bidder Security Deposit
£500*

Property Summary

  • On the instructions of Trustees
  • Freehold Ground Rents
  • Secured upon 21 individual houses
  • Investment producing £68.40 per annum

Freehold ground rents secured upon 21 individual houses. Ground Rent Investment producing £68.40 per annum.

Description

Twenty-one 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. 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.)
19 Wilton Avenue, Southampton SO15 2HA 1000 years 25/3/1892 £5.25
28 Winchester Road, Southampton SO16 6UL 999 years 25/3/1895 £3.50
25 & 27 Tennyson Road, Southampton SO17 2GX 999 years 24/6/1896 £4.00 each
112 Mayfield Road, Southampton SO17 3SX 999 years 25/3/1894 £3.15
1 Rownhams Lane, Southampton SO52 9GE 999 years TBC £15.00
1, 2, 4, 5, 6, 8, 9 & 10 The Crescent, Portsmouth Road, Southampton SO19 9PF 999 years 25/3/1925 £11.50
*(see note 1)
1 Sedgewick Road, Southampton SO19 8HD 1000 years 8/2/1929 £3.00
11 & 18 Sedgewick Road, Southampton SO19 8HD 1000 years 8/2/1929 £3.50 each
253, 257, 259 & 275 Upper Weston Lane, Southampton SO19 9HY 1000 years 25/3/1925 £3.00 each
Total ground rent payable £68.40 per annum

Note

Note (1): 1, 2, 4, 5, 6, 8, 9 & 10 The Crescent, Portsmouth Road, Southampton SO19 9PF are held on a headlease for a term of 1000 years from 25/3/1925

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).

Please note that Lots may be sold or withdrawn prior to auction.

Any information provided by SW Property Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as facts. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against SW Property Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

Loading the bidding panel...

Documents

Office Contact

Dominic Smith
07999023451
SW Property Auctions,
4th floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

Vendors Solicitor

Logo
Footner & Ewing LLP
Helen Seymour
023 80332991