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LOT 37

Blisworth Mill Gayton Road, Blisworth, Northamptonshire, NN7 3RZ

FREEHOLD GROUND RENT INVESTMENT - 22 FLATS IN A FORMER MILL
Result: Refer to auctioneer Guide price: £70,000 plus*
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Auction Date

Wednesday, 11th September 2019 12:00pm

Location & Description

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.