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Property
Ground Rents at Birley Spa Lane, Sheffield, South Yorkshire S12 4BQ
Auction
£18,000
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Our Summary
- This property remains available and open to offers following the auction on 24 March 2026
- Tenure: Leasehold EPC Rating: NA Terms: Auction Details The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type
- All sales are subject to our Common Auction Conditions and Bidder Terms
- Auction Deposit and Fees The following deposits and non- refundable auctioneers fees apply: • 10% deposit (subject to a minimum of £5,000) • Fixed Buyer’s Fee of £900 inc vat
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Description
The property is a portfolio of 43 Leasehold ground rents secured to houses built by North Homes in the late 1990s, located east of Sheffield. The properties are held on 125-year ground leases from March 1997, with 31 ground rents at £75 per annum and 12 at £50 per annum, generating a gross income of £2,825 per annum. The freehold is with Sheffield City Council, and an annual ground rent of £1,000 is paid, resulting in a net annual income of £1,825 per annum.