A residential ground rent investment producing £210 pa due for review in 2024.
The Ground rent is secured on the freehold of a block of 4 purposes built flats and parking spaces. Three of the flats have extended leases at a peppercorn rent, one has 57 years remaining and a geared ground rent currently £210 pa. The Freehold interest is in 4, 5, 6 & 7 Bramley Court Barrs Court Bristol BS30 7AX, to be sold subject to the leases detailed below. We understand the freeholder also arranges the building insurance.
4 Bramley Court
Lease dated 21st July 1981 for 99 years from 1st October 1980. Current Ground Rent £210 pa. This is a geared ground rent set at 0.2% of the premium which might be attracted for the flat and parking spaces upon the grant of a new lease for the same term upon the same conditions as herein contained at the beginning of each eleven year period. The next review is due 1st October 2024.
5 Bramley Court
Lease dated 10th February 2014 from and including 1st October 1980 to and including 30th September 2169. Peppercorn rent (Nil)
6 Bramley Court
Lease dated 4th August 2016 beginning on and including 1st October 1980 and ending on and including 30th September 2124. Peppercorn Rent (Nil)
7 Bramley Court
Lease dated 3rd February 2014 for a term of 189 years beginning on and including 1st October 1980 ending on and including 30th September 2169. Peppercorn Rent (Nil)
For Sale by Live Stream Auction
on 29th March 2022. In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.