U/O£65,0000
Worthing Ground Rent Sales
Worthing Asking £65,000 Under Offer
Freehold ground rents secured upon 9 self contained flats. 4 retail units, 6 garages & advertising hoarding.
Shops sold on 999 year leases paying peppercorn ground rent
Flats have leases of 125 years unexpired
Each flat pays annual ground rent £200 PA.
Adversising hoarding pays annual rent of £1250 PA. (Lease 15 yrs from November 2015)
Total ground rent reserved £3,050 per annum
Landlord manages/insures and recovers from lessees