Hazelmere House, 2-4 Welholme Avenue, Grimsby, DN32

Price £59,000


House for sale in Hazelmere House, 2-4 Welholme Avenue, Grimsby, DN32

Key Features:

  • Freehold Interests Of 16 Properties
  • 10 Apartments, 4 Mews Houses & 2 Bungalow Units
  • Held On Original 125 Year Leases
  • Yearly Income £2,620
  • Valued Using A Capitalisation Rate Of 6%
  • Each Leaseholder Qualifies Under The 1967 Leasehold Reform Act Or The 1993 Leasehold Reform, Housing & Urban Development Act
  • Perfect Long Term Investment
  • No Involvement Needed: Just Wait For The Asset To Mature

Jackson, Green and Preston are delighted to offer the Freehold Interests in Hazelmere House, one of the most prestigious developments in the town and situated on its premier road.
16 interests in total are included: 10 x executive, two-bedroom apartments located in the main building, 4 x two-bedroom mews properties located to the rear of the grounds as well as 2 x two-bedroom units within a semi-detached bungalow.
Each property is held under a 125 years lease from 31 October 2017, with ground rents payable of £50-190 perannum per property. This equates to a yearly income of £2,620.
The ten apartments qualify under the 1993 Leasehold Reform, Housing and Urban Development Act 1993... Read more

Important information

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