Ten separate lots of ground rents are being auctioned by Bond Wolfe at its December 8 auction – offering a steady yearly income to investors.
Among the 10 lots being offered is a portfolio of ground rents on four maisonettes at 71-77 Garrison Lane, Chessington, in Surrey.
Listed with a guide price of £75,000+ it comprises three residential ground rents earning £100 per year apiece, increasing to £200 per annum in the coming years, with a fourth earning £8.50 per annum.
The four freehold ground rents on maisonettes at at 59-65 Amis Avenue, in Epsom, Surrey, in Epsom, Surrey has a guide price of £10,000+ and currently produce a total of £350 per annum, with three set to double to £200 in the coming years.
There is also a pair of ground rent lots on four maisonettes at 15-19 Shirley Close in Dartford, Kent, with a guide price of £65,000+, with three currently earning £100 per annum set to increase to £200 per annum in 2025 and 2026.
The ground rent of the neighbouring four maisonettes at 21-27 Shirley Close have a guide price of £40,000+.
Jonathan Hackett, consultant director at Bond Wolfe, said: “It is pleasing to see that we are now able to attract instructions on a national basis.
“Our rebranding earlier this year has certainly played a part in how we are perceived by the wider market, coupled with our ability to transact with investors further afield.
“The hybrid model we offer to sellers with our agency and auction businesses under one brand offers something different to the market and we continue to explore potential business acquisitions to assist our growth.”
Tudor added: “These kinds of long-term property investments are proving increasing attractive at our auctions as they will provide a steady income for decades to come – in many cases more than 100 years.
“It is clear there is a strong market for ground rents at present, particularly in an area where the residential property market is so strong.”
The portfolio of ground rents are among a number of lots that will appear in Bond Wolfe’s next auction which starts at 9am on Wednesday 8 December.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.
