18 Sep 2019 | 02:00 PM
Result:
Sold for £8,200
Ground rent investment, The Gardens, Baldock, Hertfordshire, SG7 6AD
Lot 4
Result: Sold for £8,200
Key Features
- Freehold subject to long leases
- No maintenance or insurance obligations
- Ground rent investment opportunity
Description
An opportunity to acquire a freehold ground rent investment opportunity comprising 10 residential dwellings, in the heart of the popular town of Baldock.
The current annual ground rents (shown in the table below) present a total annual rent of £335.
It is understood that the freeholder is not responsible for any maintenance or insurance obligations. See legal pack for further details.
Tenure
Freehold subject to long leases
Location
The town of Baldock is well served with a range of shops, facilities and services located between the A1M and the A505 and also benefiting from high speed rail connection to Cambridge and London. The Gardens is located in the northern part of the town centre. From the centre of the town head north on the High Street, before turning left at the roundabout onto the B656, where upon The Gardens can be found on the right hand side.
Auctioneers Note
Please note that this is purely a freehold ground rent investment opportunity only. No internal viewing of the properties are permitted.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Joanne Guest at Tollers BBW, Broadway Chambers, Letchworth Garden City, Herts, SG6 3AD.
Viewing
Attend the site at all reasonable times.
Important notes
IMPORTANT: Cheffins would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only. A detailed survey has not been carried out, nor the services, appliances or fittings tested. Room sizes should not be relied upon for furnishing purposes and are approximate. If floor plans are included, they are for guidance and illustration purposes only and may not be to scale. Images may have been digitally edited for illustration purposes. If there are any important matters likely to affect your decision to buy, please contact us before viewing the property.
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.