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Shakespeare Road, Worthing
Auction Guide £20,000
1 Bedroom
- For Sale by auction on 24th September 2026
- Freehold Ground Rent Investment
- 3 Flats All Sold Off On Long Leases
- NO FLATS ARE INCLUDED WITHIN THE SALE
- Flat 3 With only a 59 Year Unexpired Term
FOR SALE BY AUCTION on 24h September 2026
FREEHOLD GROUND RENT INVESTMENT COMPRISING OF 3 FLATS ALL SOL;D OFF ON LONG LEASES AS FOLLOWS.
Flat 1 99 years from 19th December 1986 paying ground rent of £100 per annum
Flat 2 125 Years from 25th December 2013 paying ground rent of £150 per annum
Flat 3 125 years from 1st December 2015 paying ground rent of £150 per annum.
Total annual income of £400
As flat 3 has an unexpired term of just 59 years, in the event the lessee wishes to apply for an extension a significant premium will be available based on current legislation.
PLEASE BE ADVISED THE LESSEES HAVE NOT RESERVED THEIR RIGHTS UNDER THE PROVISIONS OF SECTION 5 OF THE LANDLORD & TENANT ACT 1987.
PLEASE BE ADVISED THERE ARE FEES PAYABLE IN RESPECT OF THIS PROPERTY.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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