Property Details Description GROUND RENT INVESMENT - A portfolio of freehold ground rents secured to 47 purpose built flats and 1 house, constructed on a 1.7 acre site by W Redmile & Son in the early 1990s. The properties are held by way of 200 year leases with individual ground rents of £55pa each giving an overall annual income of £2,700. Section 5B notices were served on the 25th April 2025. Accommodation Flats Lease term Annual rent per flat Total annual income Alford Close Flats 2,4,6,8,10,12,14,16 200 years from 1st May 1991 8 x £55 £440 Flats 1,3,5,7,9,11,15,17,19,21,23,25,27,29 31,33,35 & 37 200 years from 1st May 1991 18 x £55 £990 Baycliff Drive 1,3.5 & 7 200 years from 1st May 1991 £55 £220 9,11,15 ,17,19 & 21 200 years from 1st May 1991 £55 £330 23,25, 27 &29 200 years from 1st May 1991 £55 £220 31,33,35,37,39,41,43,45, 200 years from 1st May 1991 £55 £440 House 6 Baycliffe Drive 200 years from 1st May 1991 £60 TOTAL £2,700 Costs Details of the Buyer's Premium and any additional fees payable are contained within the legal documents. General 1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder. 2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 24TH JUNE AND CLOSES ON WEDNESDAY 25TH JUNE.