Block of flats for sale in Sea Lane, Ingoldmells PE25

Statesman Homes comprises a modern development of two blocks of purpose built houses and flats on 2 separate Deeds. The car park is to the rear of the properties. Each block has 2 houses and 4 flats. 100% of the freehold interest is for sale with six long leaseholds and six shortholds.

Council tax band: X, Tenure: Freehold

West Block

1 - House

2 Beds & 2 Car Spaces
Leased from approx. 1990 – 99 years

2 - Flat Gf

1 Bed & 1 Car Space
owned & let – £390.00 pcm

3 - Flat Ff

1 Bed & 1 Car Space
Leased from approx. 1990 – 99 years

4 - Flat Ff

1 Bed & 1 Car Space
owned & let - £390.00 pcm

5 - Flat Gf

1 Bed & 1 Car Space
owned & let - £390.00 pcm

6 - House

2 Beds & 2 Car Spaces
Leased from approx. 1990 – 99 Years

East Block

7 - House

2 Beds & 2 Car Spaces
Leased from approx. 1996 – 99 years

8 - Flat Gf

1 Bed & 1 Car Space
owned & let – £390.00 pcm

9 - Flat Ff

1 Bed & 1 Car Space
Leased from approx. 1990 – 99 years

10 - Flat Gf

1 Bed & 1 Car Space
Leased from 1990 – 189 years

11 - Flat Ff

1 Bed & 1 Car Space
owned & let - £390.00 pcm

12 - House

2 Beds & 2 Car Spaces
owned & let - £541.00 pcm

Rental Income

Gross Income - £29,892.00
Copies of the Assured Shorthold Tenancies will be made available

Ground Rents

Current ground rents £450. P.a
Lease dates vary slightly
From 1990 £50.00 until 31/12/2005
From 01/01/2006 £75.00 until 31/12/2026
From 01/01/2027 £100.00 until 31/12/2047
From 01/01/2048 £200.00

Freehold Reversions

On units 1,3,6,7,9 and 10 as applicable.