Lot
047
Auction Ends: 25/06/2025 12:18 - Bidding opens Tuesday 24th June 10:00 AM

Ground Rents At Alford Close & Baycliffe Drive , Chesterfield, Derbyshire, S40 1YP

Property Details
Location
Description
GROUND RENT INVESMENT - A portfolio of freehold ground rents secured to 47 purpose built flats and 1 house, constructed on a 1.7 acre site by W Redmile & Son in the early 1990s. The properties are held by way of 200 year leases with individual ground rents of £55pa each giving an overall annual income of £2,700. Section 5B notices were served on the 25th April 2025.
Accommodation
FlatsLease termAnnual rent per flat Total annual income 
Alford Close 


Flats 2,4,6,8,10,12,14,16200 years from 1st May 19918 x £55£440

Flats 1,3,5,7,9,11,15,17,19,21,23,25,27,29 

31,33,35 & 37

200 years from 1st May 199118 x £55£990

Baycliff Drive


1,3.5 & 7 200 years from 1st May 1991£55£220
9,11,15 ,17,19 & 21200 years from 1st May 1991£55£330
23,25, 27 &29200 years from 1st May 1991£55£220
31,33,35,37,39,41,43,45,200 years from 1st May 1991£55£440




House


6 Baycliffe Drive 200 years from 1st May 1991
£60




TOTAL

£2,700
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 24TH JUNE AND CLOSES ON WEDNESDAY 25TH JUNE.

Our Nearest Office

Sheffield 600x300

Sheffield

You may also like

018

Freehold Ground Rent Investments A, Glenalmond Road, Louth Road, Greystones, Sheffield, South Yorkshire, S11 7GW

Auction Ends: 25/06/2025

Guide Price: £20,000 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