Property for sale
Property description & features
- Premises arrange over 3 floor
- 8 x 1 bedroom flats and 4 x 2 bedroom flats
- All flats held on long leasehold
Portland is an island 5 miles from the popular resort of Weymouth and is joined to the mainland by the world famous Chesil Beach. The island forms the centre piece of the UNESCO Jurassic Coast and was the venue for the London 2012 Olympic Sailing.
The premises are of the Art Deco period and were formerly the old Council office. The premises are situated on a prominent corner position and benefits from far reaching views along the Jurassic Coast.
The premises have been built to a high standard and reconfigured into 8 x one bedroom flats and 4 x two bedroom flats. (See drawing below). All flats have been sold off on long leases.
Planning
C3 Residential
Legal Fees
Each party will be responsible for their own legal fees.
Accommodation Text
Gross Internal area: 600 sq.m. approx.
Approximate area:
Lower Ground Floor
Flat 1: 416.56 sq.ft. 38.7 sq.m. 1 bed
Flat 2: 516.66 sq.ft. 48.0 sq.m. 1 bed
Flat 3: 570.58 sq.ft. 53.0 sq.m. 2 bed
Flat 4 349.82 sq.ft. 32.5 sq.m. 1 bed
Ground Floor
Flat 5: 457.46 sq.ft. 42.5 sq.m. 2 bed
Flat 6: 472.53 sq.ft. 43.9 sq.m. 2 bed
Flat 7: 452.08 sq,ft. 42.0 sq.m 2 bed
Flat 8: 344.44 sq.ft. 32.0 sq.m. 1 bed
First Floor
Flat 9: 401.49 sq.ft. 37.3 sq.m. 1 bed
Flat 10: 495.14 sq.ft. 46.0 sq.m. 1 bed
Flat 11: 463.97 sq.ft. 43.1 sq.m. 1 bed
Flat 12: 402.57 sq.ft 37.4 sq.m. 1 bed
Premises arrange over 3 floor
8 x 1 bedroom flats and 4 x 2 bedroom flats
All flats held on long leasehold
Tenure Comments
All flats have been sold off on 125 year leases. Ground rent per flat is £175 per annum.
Landlord arranges management and insurance with each flat contributing one twelfth by way of service charge.
PRICE
£52,000 Freehold
GROUND RENT INVESTMENT FOR SALE
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