LOT 43

4-9 Harvester Close, Chichester, West Sussex, PO19 6XF

FREEHOLD GROUND RENT INVESTMENT
Guide price: £17,000 - £18,000*

Auction Date

Tuesday, 22nd May 2018 11:00am

Location & Description

A detached block of six self-contained flats in a residential area west of the Chichester by-pass (A27) close to St. Richard's Hospital and about a mile from Chichester mainline station and the city centre.
Chichester is an historic cathedral city about 17 miles from Portsmouth.

Accommodation

Each flat is sold on a 125 year lease from 2017 at a current ground rent of £200 p.a. rising to £400 p.a. for the second 25 years, £800 p.a. for the third 25 years, £1,200 p.a. for the fourth 25 years and £1,600 p.a. for the final 25 years of the term.

EQUIVALENT TO £1,200 p.a. WITH FIXED INCREASES

Status

Sold for £18,000

Addendum

Title Plan takes priority over that in the catalogue.

* 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.