Property photos
£8,000
Property for sale
Woodland Avenue, Porthcawl, Bridgend. CF36Local area information
Property location
Nearby amenities
- Newton Primary School 0.1 miles
- Porthcawl Primary School 0.2 miles
- Pyle 2.9 miles
- Bridgend 5.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold available - all occupied
- Block of four flats
- All flats currently let on long leases to expire in 2110
- Future income receipts from lease extensions
Offering the freehold of a block of four flats all held on leases to expire in 2110. A purchaser would be responsible in managing and collecting a service charge from all four leaseholders. Future income receipts would come via lease extensions. All leases are dated 28th February 1985 for 125 years.
Information
The lease extensions are each in the following parts
1. Leaseholders solicitors costs
2. Valuation
3. Premium
4. Landlord Solicitors costs.
Estimate today of £6,000 each.
The landlord would recover all cost and the future income will be comprised of the management fee or admin fee.
Information
The lease extensions are each in the following parts
1. Leaseholders solicitors costs
2. Valuation
3. Premium
4. Landlord Solicitors costs.
Estimate today of £6,000 each.
The landlord would recover all cost and the future income will be comprised of the management fee or admin fee.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
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Listed by
Payton Jewell Caines
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