Auction House London
Book your free valuation
For Sale By Auction | 12 noon, 26 February 2015 | Lot 36

The Magenta Site, Barnsley Road, Wombwell, Barnsley, South Yorkshire, S73 8HA

Save Lot List Previous Lot Next Lot

Sold

  • Terraced House
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Register
To Bid

Auction Date

Thu 26/02/2015

Auction Time

12 noon

Auction Venue

Everyman Cinema, Belsize Park, 203 Haverstock Hill, London NW3 4QG (opp. Belsize Park underground station)

> Auction Conditions
> Print Page
> Telephone Bidding Form

A Ground Rent Investment Secured Upon 88 Houses Producing £8,800 per annum

The property comprises a ground rent investment secured upon 88 units consisting of 1, 2, 3 and 4 bedroom houses.

Tenure

Freehold

By Order of the LPA Receivers

Location

The property is situated in the town of Wombwell approximately 4 miles South East of Barnsley town centre. Transport links are provided by Wombwell rail station.

Tenancy

The site is subject to a 999 year lease to Strata Homes Midlands Ltd from 31st August 2007. Each home in the development is sold by way of a sub-lease at a Ground Rent of £100 per annum rising by £50 per annum every 25 years.

Current Rent Reserved £8,800 per annum

Viewing Details

Please refer to us directly on: 0207 625 9007

Addendum

We have been advised that no rent has been demanded or collected for the current year i.e. on and from the 1st January 2015, and the Seller shall contract not to issue any demands.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

View Larger Map

London

5 Hampstead Gate, 1a Frognal, Hampstead, NW3 6AL

020 7625 9007

london@auctionhouse.co.uk

Privacy Policy|Cookie Policy

© Auction House UK 2024

The Property Ombudsman
Complaints procedure

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.