Groundrents Raven Apartments, Gravel Hill, Ludlow, Shropshire, SY8 1RY

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£3,600

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Property Details

Location

Description

A freehold ground rent investment opportunity secured against a mixed use development comprising a ground floor commercial unit and four apartments. Three of the apartments produce a combined annual ground rent income of £750 with the remaining two units subject to a peppercorn rent.

Location

The property is prominently situated fronting onto the corner of New Road & Gravel Hill in Ludlow. The immediate surrounding area is a mixed residential and retail location with a range of amenities and facilities located close by including Ludlow Train Station which sits less than 0.5 miles away. Ludlow is situated 30 miles south of Shrewsbury and 40 miles west of Birmingham.

Tenancy

Flat or Unit number	Term of lease	Annual rent
Apartment 1, Raven Apartments, Gravel Hill, Ludlow SY8 1RY (HM Land Registry Title Number SL248377)	A term of 998 years, 1 month, 8 days from and including 15 August 2017 to and including 22 September 3015	£250.00 per annum, Indexed (as defined in the lease) on the 5^th anniversary of the date of the lease
Apartment 2, Raven Apartments, Gravel Hill, Ludlow SY8 1RY (HM Land Registry Title Number SL242584)	A term of 999 years from and including 23 September 2016 to and including 22 September 3015	£250.00 per annum, Indexed (as defined in the lease) on the 5^th anniversary of the date of the lease
Apartment 3, Raven Apartments, Gravel Hill, Ludlow SY8 1RY (HM Land Registry Title Number SL242932)	A term of 998 years, 10 months, 27 days from and including 27 October 2016 to and including 22 September 3015	£250.00 per annum, Indexed (as defined in the lease) on the 5th anniversary of the date of the lease
Apartment 4, Raven Apartments, Gravel Hill, Ludlow SY8 1RY (HM Land Registry Title Number SL288255)	A term of 991 years, 1 month, 9 days from and including 14 August 2024 to and including 22 September 3015	One peppercorn per annum
One Stop Community Stores Ltd, Gravel Hill, Ludlow SY8 1RY (HM Land Registry Title Number BK510585)	A term of 999 years from and including 25 March 2013 to and including 24 March 3012	One peppercorn 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 25TH MARCH AND CLOSES ON WEDNESDAY 26TH MARCH.