Hargreaves Group, has acquired the freehold of Site I &J Albert Drive, Burgess Hill having owned the long leasehold interest since the 1980’s. Regularizing this ownership for the future increases our income return and uplifts the resulting value of the investment, as well providing the associated long term benefits of owning the freehold.
Tim Wilmer, Investment Director, Hargreaves Group comments: “The purchase consolidates our ownership for the long term in this location, where we are a significant land owner. It reduces our portfolio level ground rent liability and has simplified our ownership of this property from 6 long leasehold titles into 1 freehold title.
Hargreaves dealt directly with the Mid Sussex Council and their advisors Flude Property Consultants.
The property is managed in house by Hargreaves.