Property

The property is a freehold, terraced building located near the city centre and local train station. It contains two self-contained flats: 138 North Road, which has a 99-year lease with 59 years remaining, and 138a North Road, which has a 189-year lease with 149 years remaining. The building benefits from a freehold ground rent investment, with net yearly ground rent paid by the flat owners being £50 for the first 33 years and increasing to £100 for the next 33 years, then £150 thereafter.