PO191AF
Magnus Court , St Martins Street, Chichester, West Sussex
Head lease for sale with seven sub leases Two x 1 bedroom flats and 4 x 2 bedroom flats, plus commercial ground floor element Current income £1,200 pax 100% increase in ground rent every 25 years Next review 2030 - rent increases to £2,400 pax Ground floor retail is peppercorn rent Sub long leaseholders responsible for maintenance via service charge Price £13,000, which reflects a gross initial yield of 9.2% and a reversion in 2030 of 18.4% TENURE Long leasehold interest for a term of 125 years from 1 January 2005 at a peppercorn rent.