Headlease to Flats 1-27 Chantry House, Albert Road, North, Southampton, SO14 5BU, & Flats 1-18 Trinity Court, SOUTHAMPTON, Hampshire, SO14 5BW
Barnard Marcus AuctionsBarnard Marcus Auctions is one of the UK’s leading property auction houses, offering a wide range of residential and commercial properties across the country. With regular auctions held in London, they provide a fast, transparent, and efficient way to buy and sell properties, attracting investors, developers, and homebuyers alike.
Read more Read moreANNOUNCEMENT: LOT 176 – HEADLEASE TO FLATS 1-27 CHANTRY HOUSE, ALBERT ROAD NORTH & FLATS 1-18 TRINITY COURT, OLD MILL LANE, SO14 5BW There are 5 parking spaces included with this headlease and not 4 as stated in the catalogue. Headlease & ground rent investment opportunity with 4 parking spaces For 2 apartment blocks - 45 flats & GF commercial unit with parking RPI linked ground rents – current total ground rents £8,634 PA Guide price £30,000+ Tenure Leasehold Lease Details The headlease is dated 19th June 2018 for 999 years from & including 19th June 2018, with a ground rent payable to the freeholder (Southampton City Council) of £1 pa. Location/Description These modern apartment blocks form part of the Chapel Riverside development located in the dockland riverside area of Southampton on the westerly bank of the river Itchen. The flats have been sold off on 150 year leases from 19th June 2018, with the ground floor commercial unit having been sold off on a 999 year lease (less 3 days) from 19th June 2018. The total current payable RPI linked ground rent income is £8,639 pa and the sale also includes 4 allocated parking spaces located in a secure gated area. To view: No viewings. Enquiries to Fox & Sons Auctioneers, 32-34 London Road, Southampton, Hampshire, SO15 2AG, T 023 8033 8066.
