Description

LATE ENTRY: LOT 2ATO BE SOLD BY PUBLIC AUCTION THURSDAY 12th NOVEMBER 2020.GUIDE PRICE: £15,000+. SALE CANCELLED - CONTACT AUCTIONEERS.OF INTEREST TO INVESTORS ONLY: the substantial FREEHOLD GROUND RENT REVERSION producing £60 p.a. rising to £960 p.a.The Freehold is retained upon a modern three-storey residential development, comprising 12 apartments, standing upon a generous plot which incorporates separate garages and hardstand.

North-west of Westbourne Village, Long Copse Lane is approached via Horndean Road and Southleigh Road, ''Long Copse Court'' standing in a prominent position at the junction with Redlands Lane. This pleasant and popular address is some 1.5 miles from Emsworth Town Centre.

LEASE AND GROUND RENT SCHEDULE

FLATS 1, 2, 3, 4, 6, 7, 8, 10, 11, & 12:
All sold on 215 year leases from 1.4.1973 at a peppercorn Ground Rent.

FLATS 5 & 9
Both sold on 125 year leases from 1.4.1973 at a current Ground Rent of £60 p.a. each, rising to £480 p.a. each by 25 year increments. Approximately 77.5 years remaining.


No Section 5B Notices have been served.

AUCTIONEERS
D M Nesbit & Co.
(17371/028150)


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