Lot
104
Auction Ends: 26/02/2025 - Bidding opens Tuesday 25th February 10:00 AM

Groundrents Raven Apartments, Gravel Hill, Ludlow, Shropshire, SY8 1RY

Property Details
Location
Description
A freehold ground rent investment opportunity secured against a mixed use development comprising a ground floor commercial unit and four apartments. Three of the apartments produce a combined annual ground rent income of £750 with the remaining two units subject to a peppercorn rent.
Location
The property is prominently situated fronting onto the corner of New Road & Gravel Hill in Ludlow. The immediate surrounding area is a mixed residential and retail location with a range of amenities and facilities located close by including Ludlow Train Station which sits less than 0.5 miles away. Ludlow is situated 30 miles south of Shrewsbury and 40 miles west of Birmingham.
Accommodation

 







































Flat or Unit number



Term of lease



Annual rent



Apartment 1, Raven Apartments, Gravel


Hill, Ludlow SY8 1RY (HM Land
Registry Title Number SL248377)



A term of 998 years, 1 month, 8 days
from and including 15 August 2017 to and including 22 September 3015



£250.00 per annum, Indexed (as
defined in the lease) on the 5th anniversary of the date of the
lease



Apartment 2, Raven Apartments, Gravel


Hill, Ludlow SY8 1RY (HM Land
Registry Title Number SL242584)



A term of 999 years from and
including 23 September 2016 to and including 22 September 3015



£250.00 per annum, Indexed (as
defined in the lease) on the 5th anniversary of the date of the
lease



Apartment 3, Raven Apartments, Gravel


Hill, Ludlow SY8 1RY (HM Land
Registry Title Number SL242932)



A term of 998 years, 10 months, 27
days from and including 27 October 2016 to and including 22 September 3015



£250.00 per annum, Indexed (as
defined in the lease) on the 5th anniversary of the date of the lease



Apartment 4, Raven Apartments, Gravel


Hill, Ludlow SY8 1RY (HM Land
Registry Title Number SL288255)



A term of 991 years, 1 month, 9 days
from and including 14 August 2024 to and including 22 September 3015



One peppercorn per annum



One Stop Community Stores


Ltd, Gravel Hill, Ludlow SY8 1RY (HM
Land Registry Title Number BK510585)



A term of 999 years from and
including 25 March 2013 to and including 24 March 3012



One peppercorn per annum




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 25TH FEBRUARY AND CLOSES ON WEDNESDAY 26TH FEBRUARY.

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