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Property for sale
Ground Rents, 81 St. Helens Road, Westcliff-on-Sea, Essex
£32,000
Ground Rents, 81 St. Helens Road, Westcliff-on-Sea, Essex
£32,000
Our Summary
- Important:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
Description
This freehold ground rent investment property consists of two flats, one on the ground floor and one on the first floor, within a two-storey terraced house located on St Helen's Road, close to the high street, shops, bars, restaurants, and Westcliff-on-Sea Railway Station. The flats are held with the remainder of a 99-year lease from 1986, with a current ground rent of £100 per flat per annum, increasing to £150 from 2052 until the end of the term. The leaseholders have not reserved their rights under the Landlord & Tenants Act 1987 (as amended) after being served with Section 5B Notices. This investment opportunity offers a steady income stream from the ground rent and potential for capital growth.