Kingsford House, High Street, Benson, Oxon, OX10 6RP
£10,000.00
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Property Description
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A ground rent investment for sale
Kingsford House is a period building converted to 5 flats in approx. 1986
Each flat has been sold on 125 year leases commencing on 29th September 1986.
Three of the flats pay £75 p.a. and the other two £100 p.a. producing an annual total of £425
Currently the block is managed in house at a figure of £115 per month plus 12.5% on abnormal items such as redecoration, drainage repairs, etc.
The leases provide for each leaseholder to pay £50 at the beginning of the year and the balance is collected at the end so far as general maintenance is concerned. For abnormal items this is collected prior to the work being undertaken.
Insurance premiums are arranged by the freeholder and collected in advance.
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Rates
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The property lies within the rating area of
District Council, according to which the rateable value is as follows:
Rates payable –
£0.00 (2012-2013)
Rates payable can be affected by transitional arrangements, and we would recommend
that interested parties should make further enquires for clarification.
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Property Features
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Period property
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Central location
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Appartment block
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Management opportunities
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Ground rent investment
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