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£80,000 Guide price

Land for sale

Hawkes Road, Feltham, Greater London, TW14 9NL

£80,000 Guide price

Land for sale

Hawkes Road, Feltham, Greater London, TW14 9NL

Description

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Property features

  • Grount rent investment
  • Freehold title of 6x individual flats
  • RI £600pa, increasing every 33 years
  • Planning permission granted
  • Erection of additional floor with 3 bed flat
  • Leasehold of Flat 3 sold for £246,000

Property description

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this ground rent investment opportunity with planning permission, located in Feltham, Greater London. For sale is the freehold title of six flats, which generate an income of £100 per flat per annum (£600pa in total). This increases every 33 years throughout the term. As well as the income, the freehold has been granted full planning permission for the erection of an additional floor to create an additional top floor three bed flat. The leasehold of Flat 3 within the block achieved a sale price of £246,000 in December 2017.

Please note we have not inspected this property.

Rooms

Property Address
The freehold title for sale is for the property address 'Glen Elgin House, Hawkes Road, Feltham (TW14 9NL)' as named on Land Registry.

Lease Details
All six flats are subject to long leasehold titles of a term of 125 years, commencing 25th December 1995, paying the following ground rents: First 33 years of term: £100 per annum (£600pa in total) Second 33 years of term: £150 per annum (£900pa in total) Third 33 years of term: £200 per annum (£1,200pa in total) Remainder of term: £250 per annum (£1,500pa in total)

Tenure
Freehold. Title number MX23316.

Planning Permission
There has been planning permission granted on 19/12/2018 for the 'erection of an additional floor to create one additional flat with associated refuse storage and car and cycle parking.' Planning reference 02295/B/P1.

EPC
Available upon request (ratings D, D D, E, C).

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Nearby services within a 4 mile radius

Stations
Schools
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Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

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Property reference 354849. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - Commercial. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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