Lot 12Ground Rents at Churchdale Road, Frecheville, Sheffield S12
Auction Information
- Tuesday 29th May 2012 at 2:00pm
-
The Platinum Suite, Sheffield United Football Club
Bramall Lane, Sheffield S2 4SU Venue Map
Ground Rents at Churchdale Road, Frecheville, Sheffield , S12
Guide price: SOLD AFTER
Result: SOLD AFTER
- Freehold ground rents
- Secured to three modern houses
- £100 per annum each
- 200 years leases
- Additional income for right of way in favour of Sheffield City Council
- Overall income £500 increasing to £600
Tenure
Freehold subject to a 200 year lease from June 2004 A copy of the counterpart lease is available for inspection
Right of Way
In addition to the ground rent income an amount of £200 is received from Sheffield City Council in relation to a right of way granted in 2005. This amount rises to £300 from 2 December 2012, £400 from December 2017 and £500 from December 2022. Thereafter the amount is by negotiation
Note
Bids will be taken at the auction in terms of years purchase ie a multiple of the annual income The guide price above for example would equate to £7,500
Solicitors:
Wake Smith & Tofields, 68 Clarkehouse Road, Sheffield S10 2LJ (Ref: Mrs Rachael Flintoft)
