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2 bedroom block of apartments for sale
15 Willow Crescent & FGR's 13, 17 & 19, Oakham, Rutland, LE15 6EQ
£100,000
15 Willow Crescent & FGR's 13, 17 & 19, Oakham, Rutland, LE15 6EQ
£100,000
Our Summary
- Guide Price = £95,000 - £100,000 Property for auction on 11th December at 13:00 at Property Description: A freehold investment opportunity comprising a two storey detached block of four maisonettes surmounted by a pitched tile roof and including one vacant maisonette (15 Willow Crescent) and three maisonettes (13, 17 & 19 Willow Crescent) providing a freehold ground rent investment all being subject to long leasehold interests
- 15 Willow Crescent - Vacant with potential to occupy of let on an Assured Shorthold tenancy 17 Willow Crescent - Subject to a long lease for a term of 125 years from 24th November 1987 paying a ground rent of £10 per annum
Description
This property is a freehold investment opportunity consisting of a two-storey detached block of four maisonettes, with one vacant maisonette and three occupied ones, providing a ground rent investment. The development is located in an established area, approximately 0.6 miles from Oakham town center and 1 mile from Rutland Memorial Hospital. The property generates rental income from the occupied maisonettes, with one vacant maisonette offering potential for occupation or letting. The seller, Longhurst Group Housing Association, is exempt from serving Section 5b notices on the lessees, allowing for a straightforward sale. The property is in a modern condition, with modern kitchen and bathroom fitments, uPVC double glazing, and gas-fired central heating.