Flat for sale in Nottingham NG2, 12 Bedroom

18 flats across 3 blocks
•12 garages
•6 flats are rented out with the freeholders as the landlord
•12 flats have been sold as leasehold properties
•Each flat that has been sold was sold on a 125 year lease from 1st March 1995 (Even recent sales post 1995)
•Ground rent is £50 per year (paid in 2 equal instalments on 1st March and 1st September)
•The ground rent is to be reviewed after the expiry of 25,50,75 and 100 years after the lease commenced. As such, the ground rent is due to be reviewed in March 2020.
•Each leaseholder pays an average of £507 service charge each year. The exact service charge amount varies between flats dependant on the work required to its block that year and whether a garage is included.
•The cost of the building insurance is included in the service charge.

1Tenanted £525pcm periodic ast
2Leasehold with Garage 11
3Tenanted £525pcm periodic ast with Garage 3
4Leasehold with Garage 9
5Leasehold
6Tenanted£550pcm periodic ast with Parking Space
7Tenanted£450pcm periodic ast with Parking Space
8Tenanted£475pcm periodic with garage 8
9Leasehold with Garage 6
10Leasehold
11Leasehold with Garage 1
12Tenanted£500pcm periodic ast with garage 4

14Leasehold with Garage 10
15Leasehold
16Leasehold with Garage 8
17Leasehold with Garage 2
18Leasehold
19Leasehold with Garage 5

recent sales:

14 willow court 17th Jun 2016 £116,000
17 willow court 15th August 2018 £122,000
5 Willow Court 10th August 2018 £115,000
The flats would benefit from updating and modernisation.