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Map2 bedroom property
Sold STC
Property
2 beds
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Freehold Interests Of 16 Properties
- 10 Apartments, 4 Mews Houses & 2 Bungalow Units
- Held On Original 125 Year Leases
- Yearly Income £2,620
- Valued Using A Capitalisation Rate Of 6%
- Each Leaseholder Qualifies Under The 1967 Leasehold Reform Act Or The 1993 Leasehold Reform, Housing & Urban Development Act
- Perfect Long Term Investment
- No Involvement Needed: Just Wait For The Asset To Mature
Jackson, Green and Preston are delighted to offer the Freehold Interests in Hazelmere House, one of the most prestigious developments in the town and situated on its premier road.
16 interests in total are included: 10 x executive, two-bedroom apartments located in the main building, 4 x two-bedroom mews properties located to the rear of the grounds as well as 2 x two-bedroom units within a semi-detached bungalow.
Each property is held under a 125 years lease from 31 October 2017, with ground rents payable of £50-190 perannum per property. This equates to a yearly income of £2,620.
The ten apartments qualify under the 1993 Leasehold Reform, Housing and Urban Development Act 1993 and the four mews and two bungalow properties qualify under the Leasehold Reform Act 1967. As Leasehold Enfranchisement specialists and members of the Association of Leasehold Enfranchisement Practitioners (ALEP), please contact us today to discuss this exciting opportunity.
16 interests in total are included: 10 x executive, two-bedroom apartments located in the main building, 4 x two-bedroom mews properties located to the rear of the grounds as well as 2 x two-bedroom units within a semi-detached bungalow.
Each property is held under a 125 years lease from 31 October 2017, with ground rents payable of £50-190 perannum per property. This equates to a yearly income of £2,620.
The ten apartments qualify under the 1993 Leasehold Reform, Housing and Urban Development Act 1993 and the four mews and two bungalow properties qualify under the Leasehold Reform Act 1967. As Leasehold Enfranchisement specialists and members of the Association of Leasehold Enfranchisement Practitioners (ALEP), please contact us today to discuss this exciting opportunity.
Rooms
Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Property information from this agent
About this agent
Jackson Green and Preston Estate Agents and Property Management - Grimsby
19 West St. Mary's Gate
Grimsby
DN31 1LE
01472 467885Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with 100 years experience in the property market. In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agents. In 2016, following the retirement of the principal of Bacons Property Management, we were again approached and offered the opportunity to further enhance our position as Grimsby’s leading lettings specialist by acquiring Bacons Property Management. We have two offices, both situated in Town centre locations, each having excellent window displays. Well laid out and smartly furnished, the offices have a warm and welcoming atmosphere, and our friendly staff are always on hand to offer assistance and advice.