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2 bed terraced house
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Price History
Our Summary
- * Consent Fees For alterations, extensions, loft conversions or changes of use that require freeholder approval
- Buyers prefer: * Zero ground rent * No lease issues * No external freeholder Flexibility for improvements or changes You no longer need a freeholder's permission for: * Extensions * Alterations * Loft conversions (if applicable) * Structural changes (Planning permission is still needed
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Description
A terraced property is offered as a freehold ground rent investment, secured by a lease structure that allows the buyer to charge and collect various fees from leaseholders. The property is sold with a long-term income stream, including potential assignment, consent, breach-of-lease, and non-payment fees. As the freeholder, the buyer will have full control over the building, including the ability to appoint or replace managing agents, control service charge budgets, and ensure proper maintenance.
The lease agreement provides a framework for managing the property and protecting the buyer's investment, with the ability to require leaseholders to comply with all covenants and charge fees for breaches. The freehold investment is a long-term asset that typically increases in value over time and provides a predictable income stream without the need for tenant management.