Ground Rents at Ventnor Court, Wostenholm Road, Sheffield S7 1LB

SEE PAGE 5 FOR INFORMATION AND GUIDE/RESERVE PRICE DEFINITIONS
LOT
39
230 Shoreham Street, Sheffield S1 4ST
• Fully refurbished inner terrace
• Excellent location close to Sheffield Hallam
•Registered as a house in multiple occupancy
• Let to four for the 2014 / 2015 academic year
• £13,020 per annum
•Previous years incomes £16,125. £16,950, £17,700
• uPVC double glazing
• Modern gas central heating
•Re-wired and hard wire smoke / fire detectors
• Two shower rooms and two WC’s
• Worthy of an internal inspection
Ground Floor
Reception Hall
Front Bedroom One 2.45 m x 4.52 m
Sitting Room 3.62 m x 3.56 m
Cellar Head
Kitchen 4.12 m x 1.78 m with a
good range of modern units, built-in
oven, hob and extractor
Shower Room and Wash Basin 1.76 m
x 0.82 m
with dormer window
Rear Bedroom Five 3.05 m x 2.91 m
with recess to one side and dormer
window
Separate WC and Wash Basin 1.89
m x 0.85 m
Basement
Cellar
EPC Rating E
The full Energy Performance
Certificate is available via our
website
First Floor
Landing
Rear Bedroom Two 3.55 m x 2.55 m
Shower Room / WC 2.56 m x 1.44 m
with white suite
Front Bedroom Three 3.77 m x 2.53 m
Second Floor
Landing
Front Bedroom Four 2.97 m x 3.75 m
LOT
40
STUDENT INVESTMENT
GUIDE PRICE: £140,000-£150,000
Outside
Forecourt
Rear garden area
people for the current
academic year but due
to one late withdrawal
the property
is currently let to four
by way of an Assured
Shorthold Tenancy from
17 June 2014 at a rent
equivalent to £13,020
per annum
A copy of the
Agreement is available
for inspection
SOLICITORS: Taylor
& Emmet, 20 Arundel
Gate, Sheffield S1 2PP
(Ref: Mike Haslam)
VIEWING: Strictly by
appointment with the
Auctioneers 0114 276
0151
Tenancy Details
The property has historically been
let to five students with incomes for
previous years as follows:
2013 / 2014 - £17,700
2012 / 2013 - £16,950
2011 / 2012 - £16,125
There was an agreement for five
Ground Rents at Ventnor Court, Wostenholm Road, Sheffield S7 1LB
GUIDE PRICE: £25,000-£30,000
INVESTMENT
• Freehold ground rents amounting to £2,147 per annum
•Rising to £3,047 in 2038
• Secured to 48 flats and 21 garages
• 200 year leases from 25 March 1983
The Portfolio is described as follows:
A
Flats 1-36 plus basement storage
and 8 garages producing £975 per
annum
B
13 garages producing £260 per
annum
C
Service company ground rent from
common parts producing £5 per
annum
Lease Terms
With the exception of the YEB
ground rent the properties are held
for 200 years from 25 March 1983
Further details will be included in
the legal pack
Landlord and Tenant Act 1987
Appropriate notices were served on
24 March 2014 relating to the sale
by auction on 16 September 2014
SOLICITORS: Wake Smith LLP, 68
Clarkehouse Road, Sheffield S10 2LJ
(Ref: Jonathan Knight)
D
YEB ground rent 60 years from 1
February 1964 producing £7 per
annum
E
Flats 37-48 producing £900 per
annum rising to £1,800 per annum
in 2038
Total: £2,147 per annum (rising to
£3,047 per annum in 2038)
28www.markjenkinson.co.uk