Eaton Court, Grimsby, DN34 4UD
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
20
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Generating an income of £1,800 p.a
- The lessees have elected to not take up their rights of pre-emption
- Ten of the leases have less than 57 years remaining
- Potential to increase ground rents in 2048
Description
FREEHOLD GROUND RENT INVESTMENT FOR SALE
LOCATION / DESCRIPTION The town of Grimsby forms part of the larger Grimsby and Cleethorpes conurbation with a population of approximately 88,250. The town is situated approximately 27 miles east of Scunthorpe and 32 miles south-east of Kingston-Upon-Hull. In recent years, Grimsby has experienced considerable investment following the large offshore wind farm projects with further investment anticipated following the establishment of the Renewable Energy Centre at the Grimsby Institute for Further Education and proposed phase 2 of the Hornsea Project.
Eaton Court is a cul-de-sac found off Augusta Street in a well regarded and much sought after residential area. The property is within close proximity of the town centre with its variety of amenities and facilities including the railway/bus stations. The Wheatsheaf public house, Millfield’s Hotel, Grimsby Institute and Peoples Park are all nearby.
The property comprises a three storey purpose built block constructed in the 1980s. The building provides 20 flats which are accessed from four independent entrances, leading to the hallways and stairwells, all of which form part of the common areas. The site benefits from a block paved drive to the front and well maintained, landscaped gardens to the rear.
OVERVIEW The freeholder insures the building and implements a service charge which we are both fully recoverable from the leaseholders. Ten of the leases have been extended to April 2171 with the remaining ten having circa 57 years unexpired providing an opportunity to seek a premium should a leaseholder wish to extend their lease. This investment currently generates £1,800 per annum with the potential to increase the ground rents at rent review in 2048. The projected service charge levied against each leaseholder for the period 6th April 2024 to 5th April 2025 is in the sum of £1,900 per annum.
FURTHER INFORMATION AND TO VIEW Contact Ed Chisholm or James Chisholm
Brochures
Brochure 1Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Eaton Court, Grimsby, DN34 4UD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Grimsby Town Station0.5 miles
- Grimsby Docks Station1.3 miles
- New Clee Station1.8 miles
About the agent
Canters, Grimsby
12 Town Hall Street, Grimsby, DN31 1HN
Canters are a highly successful independent firm of Estate Agents and Chartered Surveyors who have been selling properties in Grimsby, Cleethorpes and the surrounding district since 1946. Our philosophy is to utilise a traditional approach to Estate Agency combined with modern techniques to provide a high level of success and client satisfaction. The practice specialises in the sale of residential properties including prestigious homes together with new homes, plots and land and provides expe
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Visit our security centre to find out moreDisclaimer - Property reference 18641839_12910711. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Canters, Grimsby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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