Property

The property is a portfolio of 43 Leasehold ground rents secured to houses built by North Homes in the late 1990s, located east of Sheffield. The properties are held on 125-year ground leases from March 1997, with 31 ground rents at £75 per annum and 12 at £50 per annum, generating a gross income of £2,825 per annum. The freehold is with Sheffield City Council, and an annual ground rent of £1,000 is paid, resulting in a net annual income of £1,825 per annum.