Milliner House, Hortensia Road, Chelsea SW10 0QB - Henshall and Partners

Milliner House, Hortensia Road, Chelsea SW10 0QB

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Sold

Ground Rent Investment

£250,000 (5.6%)

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Key Details

Status

Recent Transactions

Type

Commercial

Overview

Freehold ground rent investment with 68 car parking spaces
Comprising 36 leasehold apartments (24 x private and 12 x affordable units)
Private leases have been granted at 999-years and affordable leases on 125-year terms
Ground rent income totalling £14,050pax
Rent doubles every 25-years for the first 100-years, then fixes for a final double for the remainder of the term
Service charge currently totals £323,689 for year ending December 2024
Sold for £250,000 (5.6%).

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