Lot

52

Market Flats, Queen Street, Lynton, North Devon, EX35 6AQ

Property Enquiries

Dominic Smith

dominic.smith@bidx1.com
+44 (0)20 7358 5650

Viewing Registration / Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Michael Gill

michael.gill@absolicitors.com
+44 (0)1202 526 343

Description

Map

Viewings


Property Summary
  • Ground rent investment secured upon six self-contained flats.
  • Investment producing £1,260 per annum (rising).
Tenure

Freehold

Location

Situated off Lydiate Lane. Public transport includes local bus routes in and around Lynton. Shopping amenities are are Lee Road. Recreation facilities can be found at Exmoor National Park.

Description

Freehold ground rents secured upon six self-contained flats

Tenancy

Total rent reserved £1,260 per annum (rising)

Property Table
Unit Lease Term From Rent Per Annum
1 125 years 01/01/2017 £250 (rising by RPI every 10 years)
2 125 years 01/01/2017 £250 (rising by RPI every 10 years)
3 125 years 01/01/2017 £250 (rising by RPI every 10 years)
4 125 years 01/01/2017 £250 (rising by RPI every 10 years)
5 125 years 01/01/2017 £250 (rising by RPI every 10 years)
6 125 years 19/05/1997 £10 (rising)
       
Total rent reserved £1,260 per annum (rising)

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.