1-17 Espionage Place, West Way, Portland, Dorset, DT5 2NA
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Read more Read moreDevelopment opportunity - freehold ground rents secured against a 2 storey building arranged as 17 flats ( 1 x studio, 8 x 1 bed, 6 x 2 bed, 2 x 3 bed) producing £3400 pa (rising). Potential to develop the air space with additional floors and flats subject to planning. Each flat is held on a lease for 125 years from 29/09/2017, the initial ground rent is £200 pa per flat with RPI reviews every 10 years throughout the term. The freehold includes land and parking spaces that are currently demised to 17 Espionage Place (Lot 37a). We understand the lessees have submitted a right to manage application. We refer bidders to the Section 5a Notices included in the legal pack. This landmark building was previously owned by the Admiralty and is associated with the Portland Spy Ring case of 1961. it enjoys direct views across to Portland Bill and the sea. There is potential to construct additional floors / apartments subject to the necessary consents.
