Chancery Rise & Chancery House, York, YO24
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Auction: 13th - 15th October 2020
Description
• Freehold Ground Rent Investment
• 43 Apartments & “Gazebo”
• Currently Producing £14,300 pa
• 10 yearly Rent Reviews
• Next Review December 2028
• 999 year lease
Ground Rent Investment – 43 Apartments & “Gazebo” - Currently Producing £14,300 pa
Freehold ground rent investment of 43 (mainly 2 bed) apartments plus converted “gazebo” (occupied as a dwelling) currently producing £14,300 pa (£325 per unit), last reviewed December 2018.
The apartments are held on long term leases of 999 years from 1st January 1998. The lease states that the ground rent is to be calculated at one forty third of 0.266 percent of the price likely to be paid for the entire property on the open market. Please refer to the legal pack.
The lease contains rent reviews every 10 years, the next review being December 2028.
The last sale in the block achieved £153,000.
A management company is in place and they are responsible for insuring the entire property.
The property comprises of two main elements; a new build block of apartments and a converted period house together with communal grounds and parking.
Tenure
See Legal Pack
EPC Rating: N/A
Additional Fees
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Chancery Rise & Chancery House, York, YO24
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- York Station0.5 miles
- Poppleton Station2.3 miles
About the agent
Auction House North West, Commercial
14 St Marys Parsonage, Manchester, M3 2DF
At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.
The creation of 'Auction House North West' is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios,
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Visit our security centre to find out moreDisclaimer - Property reference ah_northwest_1470204_33520. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House North West, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House North West, Commercial on 0161 524 6307.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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