Sponsored Find a Solicitor — free quotes via ReallyMoving
Land
Next Steps
Sponsored — free quotes via ReallyMoving
Find a Solicitor
Land purchases need specialist legal advice — compare fees
Our Summary
- Development Opportunity
- STPP
- A rare opportunity to acquire a Freehold comprising garden land at rear with potential development opportunity (STPP)
Get alerted when similar properties are listed — Subscribe
Description
The property consists of a freehold garden land at the rear with potential for development. It is situated behind a Victorian house with three separate leasehold flats: a ground floor garden flat, a first floor flat, and a top floor flat on the second floor. The top two floor flats have long leases over 120 years, while the ground floor flat has under 50 years remaining with an extension cost to the leaseholder of £78,000.
The three flats have been served notice with no interest shown in buying a share of the freehold, with an annual ground rent of £50.00 collected.