Lot
065
Auction Ends: 27/03/2024 13:39 - Bidding opens Tuesday 26th March 10:00 AM

Freehold Ground Rents For Apartments 1-6, 448 Abbey Lane, Sheffield, S7 2QY

Property Details
Location
Description
The Freehold ground rents to a small exclusive development of 6 apartments located in this sought after area of south Sheffield, comprising the remainder of 250 year leases, mainly from 16th June 2016, at annual ground rents of £200 ,with index linked reviews every 3 years. Annual income £1,200pa with potential to increase.
Location
The flats lie a few miles south of Sheffield, near the junction of Abbey Lane and the A621, Abbeydale Road South, just after the industrial hamlet, close to Ecclesall Woods as well as Dore and Totley Station. The main approach is from Abbey Crescent with a separate communal entrance from Abbey Lane
Tenancy
Notices were served under Section 5B of the Landlord and Tenant Act 1987 on the 21st November 2023 advising of the 27th March 2024 auction


ApartmentLease terms Ground Rent (pa)
1 - Ground floor250 years from 30th April 2021£200
2 - First floor250 years from 15th June 2016£200
3 - Ground floor250 years from 15th June 2016£200
4 - Ground Floor250 years from 15th June 2016£200
5 - First floor250 years from 15th June 2016£200
6 - First floor250 years from 15th June 2016£200

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 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

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