Property unavailable
This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings.
Please note we do not have names or contact details of anyone currently occupying this building
we are also unable to provide details of the agents that posted the original advert with us.
If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com
If you would like to know if this, or any similar property comes back or on to the market
please click here to get updates by email.
Verum House, New Street, Basingstoke, RG21 7BT
not specified / Other / Investment
Withdrawn - Last updated: 16 October 2024
Summary
The Freehold of the subject property is available (HP329062) which is subject to the 24 flats which have been sold off on a 125 year long-leasehold basis. These flats are located over Ground, First and Second Floor level. The current total ground rent income for the 24 flats approximately £8,550 per annum. In addition to this, there may be the potential (Subject to the required Planning Permission being gained) of extending and adding a further floor to rear of the building.
We understand there are 16x 1 bed flats, 7x 2 bed flats and 1x studio flat.
Each flat pays an amount towards a Service Charge and the Building Insurance. Each flat is responsible for their Council Tax payments.
Key Points
Rare Ground Rent Investment OpportunityAnnual income currently approx £8,550 per annumPotential to add an additional floor (subject to planning permission)Close proximity to Basingstoke town centreCar parking
Viewings
Viewings must be arranged in advance with Curchod & Co.
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Legal Costs
Each party are to be responsible for the payment of their own legal and professional costs incurred in the sale.
Flat Sizes
The size of the flats range from 484 sq ft to 861 sq ft. Please note, these are approximate sizes. A Floor Plan is included within this listing.
Location
Basingstoke is a major centre for commerce and industry with a borough population of approximately 150,000. The town is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 Motorway. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes. The subject property is in a prominent position in New Street in Basingstoke and has a low-level car park.
Email me updates about similar new properties
Show similar properties