Ground Rent Portfolio, 212-218 Upper Newtownards Road, Belfast, Antrim, BT4 3ET

From

£35,000

Typical Mortgage

per month

Investment

Contact Agent

Frazer Kidd LLP

Description & Features

Portfolio of ground rents derived from properties located at: 117 Lisburn Road, Belfast 212-218 Upper Newtownards Road Belfast 82 Rugby Avenue, Belfast.
To be offered as one lot, but consideration will be give to a split.
Income of £4,100 pa
Inviting offers in the region of £35,000

Also in this Ground Rent Portfolio Sale include 117 Lisburn Road and 82 Rugby Road

117 Lisburn Road, Belfast

An apartment development comprising of 38 apartments which are subject to ground rent of £50 per apartment.

Tenure: 999 years from 31st March 2016 let to One One Seven Lisburn Road Management Limited at a figure of £1,900 pa

212-218 Upper Newtownards Road, Belfast

The property comprises of four modern office buildings let by way of 4 leases each for a period of 900 years from July 2002 at a rent of £400pa. Total rent of £1,600pa

Rugby House, 82 Rugby Avenue

An apartment development comprising of six apartments subject to a rent charge for the sum of £600.00 per annum against the apartment management company, Rugby House Management Association Limited by virtue of a deed of conveyance and assignment dated 22nd February 2016.