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Ground Rents, Walberant Buildings... Property for sale
Ground Rents, Walberant Buildings, Copnor Road, Portsmouth
£100,000
Ground Rents, Walberant Buildings, Copnor Road, Portsmouth
£100,000
Our Summary
- Important:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 12 June 2025
- For Sale by Online Auction
Description
This substantial property in Hilsea, Portsmouth, consists of six commercial units and 20 flats, all sold on long leases. The commercial units have a 150-year lease from 2015, generating a ground rent income of £10,900 per annum. The residential units, with the exception of one, have 150-year leases from 2015, with a ground rent of £400 per flat per annum. Flat 5C has a 99-year lease from 1990, with a ground rent of £100 per annum. The property is being sold subject to the Common Auction Conditions and Special Conditions of Sale, and Section 5B Notices have been served on the leaseholders, giving them the opportunity to reserve their rights under the Landlord & Tenant Act 1987.