38 unit development (build complete October 2018).
The leases are 125 year leases with a 0.2% ground rent.
The block is in the centre of Leicester.
I have done a final calculation of the ground rents and they are circa £13,000 per annum (based on a 0.2% ground rent and bearing in mind we have not quite sold all of the units yet).
The client would be looking for an offer in excess of £335,000.
the Basic Rent” 0.2% of the Price per annum subject to review in accordance with Schedule 8 but subject to a cap of £350.00
Ground rents are reviewed on the tenth anniversary of 1 January 2018 and each tenth anniversary of it during the Term
Leicester LE1 Ground Rent Investment for Sale
We are the UK's leading ground rent broker as such we are always looking for new ground rent properties to sell to waiting buyers. We have hundreds of ground rent buyers and always get the highest prices.
Get in touch with us for a free market appraisal, help and advice or use our ground rent valuation form for a value on your own ground rents.
Assuring you of our best attention at all times.
We are the UK's leading ground rent broker as such we are always looking for new ground rent properties to sell to waiting buyers. We have hundreds of ground rent buyers and always get the highest prices.
Get in touch with us for a free market appraisal, help and advice or use our ground rent valuation form for a value on your own ground rents.
Assuring you of our best attention at all times.