Lot
042
Auction Ends: 18/08/2021 13:06

1 & 2 Cobbet Place, Peterborough, Cambridgeshire PE1 5EW

Property Details
Location
Auction Details
Description
A freehold ground rent opportunity secured against a detached house comprising two flats over ground and first floor with 2 parking spaces. The current ground rent income is £25 per annum per flat with approximately 90 years remaining on the leasehold interest.
Location
Cobbet Place is a small residential development accessed off Cavendish Street via Eastfield Road, 2 miles north of Peterborough town centre.
Approx Site Area
Approximately 117 Sq M (139 Sq Yds).
Tenure
Unknown
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 rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 17TH AUGUST AND CLOSES ON WEDNESDAY 18TH AUGUST.

3. 125 year lease dated 1st November 1985.

4. Current ground rent £25 per annum per flat rising to £35 per annum per flat in 2025 for a period of 40 years and £50 per annum per flat for the remainder of the lease.

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