These freeholds remained the property of the town until Kirklees Council sold 10,000 of them to a company called City and Metropolitan (Huddersfield) Ltd, of London, on March 23, 1994.
Two years later, on March 31, 1996, they sold a further 2,500 freeholds to Fairhold (Huddersfield) Ltd.
But there has been a reduction of the last two years by selling their freehold
This means that the owner of a flying freehold does not actually own the structure which supports that part of his or her property.
So, if you're faced with a flying freehold on a property that you really can't resist, my advice would be to grit your teeth and go for it.
The Land Registry has on record that William Leech (Investments) of Newcastle own the freehold
, but the company say it's nothing to do with them.
As the leases expire, ownership of the homes passes to whoever owns the freehold
45psf, creating a freehold
investment which Lambert Smith Hampton's investment team sold to Threadneedle at a yield of 7.
Many of the restaurant sales in the towns around the North-East are freehold
, examples of those sold and available include:
We got a premium, but owners of freeholds
who insist on asking too high a price, could miss out on the boom and be left with a plot of land or building that nobody wants to buy,' said Mr Brookes, who is based in Curry & Partners' Birmingham office.
The demand for freeholds
is driving up values in the office market along the M40 and M42 corridors, with new small office schemes selling off plan for the first time.
Tim Matthews, Birminghambased director of industrial and distribution property at Lambert Smith Hampton, says that industrial and distribution property freeholds
are continuing to fly for both secondhand and new properties as developers recognise they can gain a premium for selling on quickly.