We use cookies to provide you with the best experience on our website.
LOT 37
Blisworth Mill Gayton Road, Blisworth, Northamptonshire, NN7 3RZ
FREEHOLD GROUND RENT INVESTMENT - 22 FLATS IN A FORMER MILL
Auction Date
Wednesday, 11th September 2019 12:00pm
An attractive and substantial Grade II listed property built in the 19th century and originally a corn mill on the Grand Union Canal. Later it was used by the Pepper & Spice Company as a factory and warehouse and now comprises 22 self-contained flats. Blisworth can be reached via the A43 from junction 15A of the M1 and is just a few miles south of Northampton.
Accommodation
22 flats all on 150 year leases (less 3 days) from 16.09.1998
The lease for flat 1 shows that the ground rent is £150 p.a. and rises approximately every 50 years but please see all the leases for the exact details.
AT A TOTAL RENT EQUIVALENT TO £3,650 p.a. (RISING)
Status
Addendum
On page 6 of the special conditions there are 3 additional clauses regarding covenants in the Transfer (dated 12.01.2016) which need to be complied with.
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.