Southsea Ground Rent Investment Sales ( Acquired For Clients)

Elm Lodge, St. Peters Grove, Southsea, PO5 1LS

• Set in Southsea, approximately a mile from Portsmouth and Southsea Station, this three storey block is maintained and insured by the freeholder and currently generates a ground rent income of £180 increasing in 2027.
• The majority of the leases have 59.82 years unexpired with one statutory lease extension granted a few years ago and no responses to a recent offer of a lease extension.No. of Flats: 1x 3 bedroom plus 4x two bedroom apartments with parking
• Lease Lengths: 4 apartments with unexpired terms of 59.82 years and 1 apartment with 149.82 years
• Flat Values: All apartments are valued in the region of £175,000
• Maintenance: The freeholder repairs the main structure and common parts
• Insurance: The freeholder arranges the insurance
• GR Income: £180 per annum increasing in 2027 to £270 and again in 2052 to £405

Southsea Ground Rent Investment Sales