| Unit | Lease Term | From | Rent Per Annum |
| 1 | 125 years | 01/01/2017 | £250 (rising by RPI every 10 years) |
| 2 | 125 years | 01/01/2017 | £250 (rising by RPI every 10 years) |
| 3 | 125 years | 01/01/2017 | £250 (rising by RPI every 10 years) |
| 4 | 125 years | 01/01/2017 | £250 (rising by RPI every 10 years) |
| 5 | 125 years | 01/01/2017 | £250 (rising by RPI every 10 years) |
| 6 | 125 years | 19/05/1997 | £10 (rising) |
| Total rent reserved £1,260 per annum (rising) | |||
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Auction
Market Flats, Queen Street, Lynton, North Devon, EX35 6AQ
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Auction
- Lot 52
- United Kingdom
- Building
- Residential
Invited Opening Bid £18,000
Property Summary
- Ground rent investment secured upon six self-contained flats.
- Investment producing £1,260 per annum (rising).
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Description
Freehold ground rents secured upon six self-contained flats
Location
Situated off Lydiate Lane. Public transport includes local bus routes in and around Lynton. Shopping amenities are are Lee Road. Recreation facilities can be found at Exmoor National Park.
Tenancy
Total rent reserved £1,260 per annum (rising)
Tenure
Freehold
VAT
We are informed that VAT is applicable to a portion of the upper floors, please refer to the legal documents for further information.
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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