These ground rents are collected on a modern development of 18 properties situated in a small cul-de-sac comprising a range of semi-detached and town houses. The development is approximately ten years of age and situated in an established residential area close to Claughton Village. It is within 10 minutes drive of Birkenhead town centre and within 5 minutes drive of the M53 Mid Wirral Motorway.

Details

Auction Date 18th September 2019
Lot Number 27
Guide Price £40,000 to £50,000
Status Sold
Sale Price £45,000
Lot Type Residential Investment
Address Ground Rents At Oakwood Park, Birkenhead, CH43 7RU view on map
Tenure Freehold
Tenancies Each property is let on a lease for 999 years from 1st January 2017 subject to a ground rent of £200 pa. There is a rent review provision every 5th year of the term and is increased in line with the retail price index. Copies of the lease are available for inspection on the auctioneer’s website.
Viewings The site is open for inspection.

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