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2 bedroom apartment 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 Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT 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 in Oakham, Rutland. The development is situated in an established area, approximately 0.6 miles from the town center, and features one vacant maisonette and three occupied ones with long leasehold interests. The vacant maisonette, 15 Willow Crescent, is in a modern and well-presented condition, with modern kitchen and bathroom fitments, uPVC double glazing, and gas-fired central heating. The property offers a ground rent investment opportunity, with four separate leases generating an annual income. The seller, Longhurst Group Housing Association, is exempt from serving Section 5b notices on the lessees, offering first rights of refusal. The property is available for auction on December 11th with a guide price of £95,000-£100,000.