The Old Dairy, Bepton Road, Midhurst GU29 9FL Ground Rent Investment (SOLD)

• The property is freehold and has 11 flats that are sold off on long leases
• It currently has an income of £2200 per year that will increase to 4400 in 2020 and then double every 15 years until it reaches £44,000 per year
• No Management
• I think Landlord insures but please read lease.
• Leases 999 years from July 2010
• Ground rents double in 31 Dec 2020 and DOUBLE every 15 years see below.
• S5 notices already served and notice period expired or about to expire.
• 5.1.1.   from the date of this Lease until 31 December  2020 the yearly rent of TWO HUNDRED  POUNDS  (£200.00)
• 5.1.2.   the next 15 years the yearly rent of  FOUR HUNDRED POUNDS  (£400.00)
• 5.1.3.   for the next  15 years the yearly rent of  EIGHT HUNDRED POUNDS (£800.00)
• 5.1.4.   for the next   15 years the yearly rent of ONE THOUSAND SIX HUNDRED POUNDS  (£1,600.00)
• 5.1.5.   for the next 15 years the yearly rent of THREE THOUSAND  TWO HUNDRED POUNDS (£3,200.00)
• 5.1.6.   for the remainder of the Term the yearly rent of FOUR THOUSAND POUNDS (£4,000.00)

Asking Price £75,000

SOLD

Midhurst GU29 9FL Ground Rent Investment