Property Details

GROUND RENT INVESTMENT FOR SALE - Portland

C6271
For Sale - Available
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Property ID: C6271

For Sale £52000 freehold investment
OLD LIBRARY HOUSE • 4 DEAN PARK CRESCENT • BOURNEMOUTH BH1 1LY
TELEPHONE: 01202 551 821 • FAX: 01202 557 310 • DX 7614 BOURNEMOUTH
www.ellis-partners.co.uk
ALSO AT BRIGHTON
Ellis and Partners Ltd No. 04669426.
Ellis and Partners (Bournemouth) Ltd No. 6522485. Ellis and Partners (Brighton) Ltd No. 6522566
Registered in England and Wales. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY

Features

  • 8 x1 bed flats and 4 x 2 bed flats
  • Flats range from 32 sq.m. to 53 sq.m. approx
  • Premises arrange over three floors

Address

  • Yew Tree House, Fortuneswell, Portland, Dorset, DT5 1LW

SITUATION AND DESCRIPTION
Portland is an island 5 miles from the popular resort of Weymouth  and is joined to the mainland by the world famous Chesil Beach.  The island forms the centre piece of the UNESCO Jurassic Coast and was the venue for the London 2012 Olympic Sailing.

The premises are of the Art Deco period and were formerly the old Council office. The premises are situated on a prominent corner position and benefits from far reaching views along the Jurassic Coast.

The premises have been built to a high standard and reconfigured into 8 x one bedroom flats and 4 x two bedroom flats. (See drawing below). All flats have been sold off on long leases.

ACCOMMODATION
Gross Internal area: 600 sq.m. approx.
Approximate area:
Lower Ground Floor
Flat 1:        416.56 sq.ft.      38.7 sq.m.      1 bed
Flat 2:        516.66 sq.ft.      48.0 sq.m.      1 bed
Flat 3:        570.58 sq.ft.      53.0 sq.m.      2 bed
Flat 4         349.82 sq.ft.      32.5 sq.m.      1 bed
Ground Floor
Flat 5:        457.46 sq.ft.      42.5 sq.m.      2 bed
Flat 6:        472.53 sq.ft.      43.9 sq.m.      2 bed
Flat 7:        452.08 sq,ft.      42.0 sq.m       2 bed
Flat 8:        344.44 sq.ft.      32.0 sq.m.      1 bed

First Floor
Flat 9:        401.49 sq.ft.      37.3 sq.m.      1 bed
Flat 10:      495.14 sq.ft.      46.0 sq.m.      1 bed
Flat 11:      463.97 sq.ft.      43.1 sq.m.      1 bed
Flat 12:      402.57 sq.ft       37.4 sq.m.      1 bed

PLANNING
C3 Residential

TENURE
All flats have been sold off on 125 year leases.  Ground rent per flat is £175 per annum.
Landlord arranges management and insurance with each flat contributing one twelfth by way of service charge.

PRICE
£52,000 Freehold

LEGAL FEES
The incoming tenant will be responsible for their own legal fees.

VIEWING AND FURTHER DETAILS
By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Particulars PDF
Property Map
The Agents for themselves and for the Vendor of this property, whose agents they are, give notice that: (1) These particulars do not constitute, nor constitute any part of , an offer or a contract. (2) All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or Vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representatives of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The Vendor does not make or give and neither the Agents nor any person in their employ has any authority to make or give, any representation or warranty whatsoever in relation to this property.
These particulars are issued on a strictly Private & Confidential basis and on condition that the information given is for private use of the recipient and any professional adviser consulted by the recipient and, further, that any information contained within these Particulars is not divulged to third parties. To comply with the Property Misdescriptions Act of 1991 these Particulars are intended only as a guide and must not be relied upon as statement of fact, your attention is drawn to the following important notice.
IMPORTANT NOTICE
  1. In compliance with the Property Misdescriptions Act 1991 these particulars are prepared for the guidance only of prospective purchasers, they are intended to give a fair overall description of the property or premises concerned but are not intended to constitute part of an offer or a contract.
  2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact.
  3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise or that any services or facilities are in good working order.
  4. Any photographs appearing in this brochure may not show all the property and show only certain aspects of the property at the time when the photographs were taken. Certain aspects of the property may have changed since these photographs were taken, it should not be assumed that the property remains precisely as depicted in these photographs. Furthermore, no assumption should be made in respect of parts of the property, which are not shown in the photographs.
  5. Any measurements, areas or distances referred to herein are approximate only.
  6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of a part of the property, this is not intended to be a statement that any necessary planning, building regulation or other consents have been obtained. Any intending purchaser must verify these matters.
  7. Any statements regarding Leasehold Interests have been prepared with due diligence but we will not necessarily have had sight of original legal documentation. It will be the responsibility of the intended lessee or purchaser to confirm that these details are correct with the vendors or landlord’s legal representatives.
  8. Descriptions of the property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of a statement of fact.
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends that you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.commercialleasecodeew.co.uk
Call today to discuss your property needs on 01202 551 821 for Commercial, 01202 552 236 for Residential or 01273 771 393 for Brighton