Wellington Road, Wallasey, Merseyside, CH45

Total Income of £7,240 p.a. rising

* 78 Flats in one large purpose-built block
* 41 Flat Leases for a term of 250 years from 1 November 2007, currently paying a total ground rent of £5,400 p.a., increasing by £5,400 every 25 years, and fixed at £32,400 from 1 November 2132 for remaining 125 years
* 30 Flat Leases for a term of 99 years from 29 September 1978, currently paying a ground rent of £1,600 p.a. increasing to £3,100 p.a. on 29 September 2028, and to £6,000 p.a. on 29 September 2053
* 5 Flat Leases (Flats 4, 10, 403, 408 & 509) for a term of 250 years from 1 November 2007, at a peppercorn ground rent throughout
* 1 Flat Lease (Flat B) for a term of 175 years from 29 September 1978, at a ground rent of £120 p.a. for the first 50 years, increasing by £120 every 25 years thereafter
* 1 Flat Lease (Flat 504) for a term of 250 years from 1 November 2007, at a ground rent of £120 p.a. with RPI linked rent review on 1 November 2035 and 15 yearly thereafter
* Potential for further development of the Boiler Room (potential for 2 flats)
* Potential for the addition of a 'Penthouse Floor' (6 to 8 flats)
* Additional area of land c. 350 sqm on corner of Wellington Road and Portland Road,
* Maintenance and Insurance is arranged by a Leaseholder owned Management Company. Managing Agents are appointed
* There is a Caretaker. The employment and payroll is administered by the Managing Agent with all costs recovered from the Service Charge
* Section 5 Notices have not been served
Guide Price £330,000
If you would like to make an offer to purchase Portland Court, please do so in writing by email to Annie Mackenzie (see below) also written evidence of your proof of funds.

All enquiries please contact Annie Mackenzie of House & Son
Tel: / E-mail: annie.