Land for saleKnyveton House, Knyveton Road, Bournemouth, Dorset, BH1 3QW
Sold STC £15,000
- 999 Yr Head Lease With Rights To Airspace
- Potential For Three Parking Spaces
- Making An Ideal Speculative Purchase
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999 Yr Head Lease With Rights To Airspace
Potential For Three Parking Spaces
Making An Ideal Speculative Purchase
Tenure:Leasehold with Vacant Possession
Location:Knyveton House is located in an area of Bournemouth popular for both investment landlords and first time buyers. An excellent range of shopping, dining and leisure facilities can be found nearby in central Bournemouth, along with the mainline railway station.
Description:The opportunity to purchase land to provide two car parking spaces, along with the roof space which subject to planning permission and conditions, provides a development opportunity to create further residential units. Please inspect the legal pack for the lease including the terms for such a proposal.
Lease Details:The head lease is for a term of 999 years and has granted an under lease for 125 years from 29th March 2013 under which it has the rights to the ground rent of £150 PA and also includes a further car parking space in the development. The head lease has no ground rent payable to the Freeholder nor any service charges applicable. In addition, the under lease granted has the rights to develop the air space (subject to planning permission and any other required consents) which if ever implemented will allow the owner of the head lease to collect a £250 PA ground rent per flat and a further development uplift payment of £5,000 per additional flat permitted.
IMPORTANT NOTICE: The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if
appropriate the auctioneers may adjust the guide price to reflect this.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fox & Sons, Southampton Auctions on 02380 338066.
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