A Freehold Ground Rent Investment and Potential Roof Space Development Opportunity (Subject to Obtaining all Relevant Consents) Secured Upon a Two Detached Buildings of Four Flats Each (All Sold-Off) Currently Producing £225 Per Annum
95-101 Dartford Road, Dartford, Kent, DA1 3EP
A freehold ground rent investment secured on two detached purpose-built blocks of four flats each, all sold-off, currently producing £225 per annum. The property offers potential roof space development opportunity (subject to obtaining relevant consents), with plans already drawn up for two additional flats.
Full description
The property comprises a pair of detached purpose-built blocks of four self-contained flats each, arranged over ground and first floor levels. All units have been sold off. The property is held freehold and is situated on a residential road close to local shops and amenities. Dartford Central Park is within easy reach, and transport links are provided by Dartford rail station. Plans have been drawn up but not yet submitted for the erection of two flats. Purchasers are advised to rely on their own enquiries with regard to any possible development potential. A copy of the plans can be found within the legal pack. This is a ground rent investment, meaning the purchaser acquires the rights to the ground rent income rather than the flats themselves. The property currently produces £225 per annum. Further income can be derived when leases become low (allowing the freeholder to charge leaseholders a premium for lease extensions) and when the freeholder has the right to manage and insure the building.
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
