1 bed property

The property is a freehold ground rent investment consisting of a building with a care home on the ground floor, 28 flats, six parking spaces allotted to three shops on the high street, and a detached garage. The investment produces a ground rent income of £2,800 per annum. The building also includes a plot of land with planning permission for a detached dwelling. The property is located near the High Street and town centre, and is subject to a 199 year lease from 1991. Each of the 28 flats pays a ground rent of £100 per annum and the care home pays a peppercorn rent of £1 per annum. A detached garage is also located in the car park.