Lot
040
Auction: March 2024 Online Auction 27/03/2024 - Bidding opens Tuesday 26th March 10:00 AM

Freehold Ground Rents, Flats 1-6, 16 Sussex Road, Chapeltown, Sheffield, South Yorkshire, S35 2XL

Property Details
Location
Description
The Freehold ground rents to 6 purpose built apartments, shown red on the adjoining plan, located in the heart of Chapeltown, a popular residential area to the north of Sheffield. The ground leases are for 125 years from 2020/21 with individual fixed ground rents of £249pa each giving an overall annual income of £1,494.
Location
Chapeltown is a long established area, some 7 miles to the north of Sheffield, well served by excellent facilities and conveniently placed for junction 35 of the M1, enabling ease of access to a number of regional centres. The flats are located on Sussex Road which runs between Arundle Road and Lound Side close to Asda and the railway station
Tenancy
Notices were served under Section 5B of the Landlord and Tenant Act 1987 on the 21st November 2023 advising of the 27th March 2024 auction

The flats and parking spaces are held on 125 ground leases from various dates around 2020/21 at individual ground rents of £pa 
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 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

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