0 Bedrooms for sale in Bancroft, Hitchin SG5 | £ 25,000
Overview
| Price: | £ 25,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | Hertfordshire |
| Town: | Hitchin |
| Postcode: | SG5 |
| Address: | Bancroft, Hitchin SG5 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Lot 149B - This lot is for sale by auction as lot 149B on Thursday 25th October 2018.
A Freehold Ground Rent Investment secured upon a Purpose Built Block internally arranged to provide Five Self-Contained Flats
Total Current Rent Reserved
£1,750 per annum
Tenure
Freehold.
Location
The property is located on the west side of Bancroft, to the north of Hitchin town centre. Hitchin provides an extensive range of shops and facilities, including Hitchin Boys School to the west and Hitchin Girls School to the south-east. Hitchin Rail Station is within reach to the east. North Hertfordshire College is close by. The A1(M) is within reach. Bancroft Recreational Ground is to the north.
Description
The property comprises a ground rent investment secured upon a purpose built block arranged over ground and two upper floors beneath a pitched roof. The property is internally arranged to provide five self-contained flats.
Tenancies
Each flat is subject to a lease for a term of 125 years from 25th March 2014 (thus having approximately 121 years unexpired) at a current ground rent of £350 per annum (rising).
Rights of Pre-emption
The lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.
Management and Insurance
The Landlord insures and manages the block.
Seller’s Solicitor
Messrs Machins Solicitors (Ref: Santokh Singh). Tel: Email: Santokh.Singh@machins.Co.Uk
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
Property Location
Property Marketed by Allsop LLP
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