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Property details
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Property for sale in Woodland Avenue, Porthcawl, Bridgend.

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Property for sale

Tenure:

Not available

Council tax band:

Not available

Property features

Freehold available - all occupied
Block of four flats
All flats currently let on long leases to expire in 2110
Future income receipts from lease extensions

Property description

Offering the freehold of a block of four flats all held on leases to expire in 2110. A purchaser would be responsible in managing and collecting a service charge from all four leaseholders. Future income receipts would come via lease extensions. All leases are dated 28th February 1985 for 125 years.

Information

The lease extensions are each in the following parts

1. Leaseholders solicitors costs

2. Valuation

3. Premium

4. Landlord Solicitors costs.

Estimate today of £6,000 each.

The landlord would recover all cost and the future income will be comprised of the management fee or admin fee.

Property info

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Payton Jewell Caines, and do not constitute property particulars. Please contact Payton Jewell Caines for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.