Blisworth Mill Gayton Road, Blisworth, Northamptonshire, NN7 3RZ
FREEHOLD GROUND RENT INVESTMENT - 22 FLATS IN A FORMER MILL
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.
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)
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.