Lot
018
Auction Ends: 20/09/2023 11:38 - Bidding opens Tuesday 19th September 10:00 AM

Ground Rents, 83/85 George Street and 14-18, 19 & 20 Grimston Street, Hull, East Riding Of Yorkshire, HU1 3BN

Property Details
Location
Description
Residential ground rents amounting to £2,160 per annum, deriving from freehold and leasehold titles of apartments.
Location
Situated on George Street and Grimston St within Hull City Centre, this is a mixed use commercial, educational and residential area a short distance from the main shopping areas and close to public car parking.
Tenancy
For sale is the right to 90% of ground rents payable through two titles pertaining to two developments of 21 apartments: a freehold title of 19 flats, and a long leasehold of two flats, which detail a total of £2,400 per annum of ground rent. Lease agreements are in place for each development with a management company, which place management obligations on them and detail the payment of 90% of the aforementioned ground rent to the freehold owner (the auction vendor). The vendor pays a ground rent to the freeholder of its long leasehold title, although the amount is re-charged to the two sub-tenants affected. As such, this auction lot is the sale of the freehold title and long leasehold title, sold subject to the management leases, which remove management obligations from the prospective auction buyer and give them the right to be paid 90% of the ground rent deriving from the two titles for sale, which equates to £2,160pa.


Title (for sale)ApartmentsGround rent received as per management lease
Freehold (HS322779)

Flats 1-4, 83 George Street

Flats 1-10, 85 George Street

Flat 1,4 & 5, 14-18 Grimston Street

19 & 20 Grimston Street*

£1,935
Long Leasehold (HS376254)Flat 2 & 3, 14-18 Grimston Street£225
Total
£2,160
*Flat 20 provides no ground rent

Our Nearest Office

Leeds 600x300

Leeds

You may also like

000

37 Warren Road, Stockport, Cheshire, SK3 8HG

Guide Price: £175,000 plus

000

16 Lauderdale Street, Preston, Lancashire, PR1 8JL

Guide Price: £98,000 plus

001

Hope House, Whitting Valley Road, Old Whittington, Chesterfield, Derbyshire, S41 9EY

Auction Ends: 29/10/2025

Guide Price: £90,000

002

Pickmere Lane Garage Site, Pickmere, Knutsford, Cheshire, WA16 0JP

Auction Ends: 29/10/2025

Guide Price: £10,000 plus

003

20 Norcliffe Street, Middlesbrough, Cleveland, TS3 6PN

Auction Ends: 29/10/2025

Guide Price: £25,000 plus

004

Land At Cresswell Road, Darnall, Sheffield, South Yorkshire, S9 4JN

Guide Price: £150,000 plus

005

Land At Folly Lane, Swinton, Manchester, Greater Manchester, M27 0LF

Auction Ends: 29/10/2025

Guide Price: £50,000 plus

006

2-6 Brasenose Road, Bootle, Merseyside, L20 8HG

Auction Ends: 29/10/2025

Guide Price: £295,000 plus

Search Available
Online Auctions
Search online auction icon
Guide to
Buying at Auction
Buying guide icon
Guide to Selling
Your Property
Selling guide icon
Sign Up For
Auction Alerts
Alert icon