Lot
058
Auction: July 2024 Online Auction 17/07/2024 - Bidding opens Tuesday 16th July 10:00 AM

Ground Rents At Oxclose Estate, Oxclose Park Way Park View & Park Rise, Halfway, Sheffield, NE Derbyshire, S20 8GS

Property Details
Location
Auction Details
Description
A portfolio of Freehold ground rents secured to 82 modern houses on an established estate to the south east of Sheffield. The properties are held on 3 registered titles and comprise 125 years ground leases from 31st March 2004 with individual ground rents of £247.60 giving an overall annual income of £20,303.20
ARREARS - The figure currently stands in excess of £30,000 and the client will only take £10,000 giving the buyer the potential to collect balance.

Location
Halfway lies midway between the residential areas of Mosborough, Eckington and Killamarsh, to the south east of Sheffield, close to Rother Valley Country Park , Chrystal Peaks Shopping Centre , Supertram and junctions 30 & 31 of the M1.
Tenancy
125 years ground leases from 31st March 2004 with individual ground rents of £247.60
Due to the level of the rent payable under the leases, the landlord may be able to charge a premium for varying the rent due under them.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 16TH JULY AND CLOSES ON WEDNESDAY 17TH JULY.
Addendum
Two of the 84 addresses have been sold leaving 82 with individual ground rents of £247.60 and an overall annual income of £20,303.20 ARREARS - The figure currently stands in excess of £30,000 and the client will only take £10,000 giving the buyer the potential to collect balance.

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