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FREEHOLD GROUND RENT INVESTMENT - TWO FLATS PRODUCING £150 P.A.
Address
See address
Auction date
04 Jun 2026
Guide price
£1,350
Type
Other
Tenure
Freehold
EPC Rating
Unknown
Status
Ended
Description
A terraced property consisting of two self-contained flats located in a residential area on the east side of Griffin Road. Plumstead Train Station is conveniently situated 300 meters to the north, while Plumstead Common lies 300 meters to the south, making this location ideal for commuters and nature lovers alike.
- Freehold tenure
- Two flats producing £150 per annum
- 169 Ground Floor Flat: 189 years remaining on lease from 30.09.1981 at £75 p.a.
- 169A First Floor Flat: 125 years remaining on lease from 30.09.2004 at £75 p.a.
This property presents a unique investment opportunity, generating steady annual income. With freehold ownership, this investment remains with the owner without the complexities of leasehold implications. Ideal for those looking to expand their property portfolio.
Last update: 24 May 2026
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A terraced property consisting of two self-contained flats located in a residential area on the east side of Griffin Road. Plumstead Train Station is conveniently situated 300 meters to the north, while Plumstead Common lies 300 meters to the south, making this location ideal for commuters and nature lovers alike.
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This ground rent portfolio is secured against several residential properties located in Wigan, Worsley, and Tyldesley. It consists of three main blocks, offering a diverse mixture of freehold and leasehold titles that produce a total rent roll of £398 per annum. The current net income after deducting head lease rent of £147 is approximately £250 per year.
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Auction Date
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Guide Price
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