Buying the Leasehold
Brian Hartley (PRO Member) Buying the Leasehold
Posted: Jan 7 07 22:46
Total Posts: 0
Users Rating: unrated

I own an apartment less than 4years old in a block of 26. An option to purchase the leashold of the block has been made to me from the current holder Morris Homes. The lease is 999 years at a price of £39k or £1500 per apartment. The ground rent is £100 per year per apartment. On the face of it this does not look like a good commercial opportunity! Or am I missing something. Is there anyone out there that can give some guidance/opinion?

Average Rating: unrated
Link to this post Reply to this post

« Forum Home

Discounted Property for Sale
Advert Image
Advertise with Property Secrets

Property Secrets supports

Global Angels
Call Property Secrets on: +44 (0)1270 539550
Other Visium Group websites: i-propertyassets.com | i-portfoliotracker.com | pspremier.co.uk
Currency Solutions are the recommended currency exchange provider for Property Secrets members.
Email  
Password  
Lost
password?
You are not currently receiving our FREE newsletter. Enter your email to receive yours every Friday: