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Flats Details

Status: Sold or Rented Property Reference: HS-0000979290

Flats for sale
Crowborough, United Kingdom, United Kingdom

Key features:

FOR SALE BY PUBLIC AUCTION AT The Hilton Brighton Metropole : 01-NOV-2013. LOT NUMBER : 87. FREEHOLD GROUND RENTS. Ground Rents. Freehold. Current Rental : £2,000 Per Annum. GUIDE PRICE : £30,000 - £40,000.
Retirement: No
Shared ownership: No
New Build: No
Have Pool: No

Full description:

A substantial purpose built block of nine flats, eight of which have been sold on ground leases, each for a term of 99 years from 1st January 2006 at a current ground rental of £250 per annum, rising to £500 after 31st December 2038 and £750 per annum after 31st December 2072. Flat 2 has been sold on a ground lease (now extended) for a term of 999 years, from 1st January 2006, at a peppercorn ground rent.

The leases provide for the freeholder to arrange for the insurance, maintenance and management of the building recovering the costs from the leaseholders by way of a service charge.

Auctioneer's Note
Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

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