Lot
051
Auction Ends: 18/10/2023 13:50 - Bidding opens Tuesday 17th October 10:00 AM

Ground Rents At, 43 Westgate, Wakefield, West Yorkshire, WF1 1JX

Property Details
Location
Auction Details
Description
A ground rent investment secured upon long lease / ground floor retail unit known as Corner Shop on Westgate on a 99 year lease from 2016. The current passing ground rent is £4,000 per annum which has incremental rises of £250 per annum every 16 years meaning the final term of the ground rent will be £5,500 per annum.
Location
The property in wich the ground rent is secured upon is located on Westgate, Wakesfield at the junction of Westgate & Queen Street
Accommodation

Current Passing Ground Rent£4,000 per annum 
Incremental Rent Increases Every 16 Years Of:£250 per annum
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 refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

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

3. The property is VAT registered.

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