Freehold ground rent investment opportunity with further rental/development potential
Tolsey House is substantial Grade II Listed property dating back to the 16th Century set behind the High Street (A38) with its range of local and national retailers. The property is now arranged as 6 self-contained flats held on 125 year leases, each currently paying a ground rent of £150pa. In addition to the side of the property is a car park for several vehicles. Whilst each flat has the right to pass over the car park there are no parking rights meaning there may be additional rental or development potential subject to the necessary consents.
• Ground rent investment opportunity
• Freehold of Grade II Listed building
• Comprising 6 self-contained flats
• Held on 125 years leases from 01.01.2016
• Ground rents: £150 pa doubling every 25 years
• Right to manage
• Car park for several vehicles
• Flats have no rights to park
• Potential to rent or develop car park subject to consents
For Sale by Auction
On Tuesday, 17th September at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.
Energy Efficiency Rating (EPC)
Current Rating Flats 1, 2,3: D. Flat 4: C. Flats 5 & 6: E
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.