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002 |
| GROUND RENTS, 8-10 CANTERBURY ROAD, HERNE BAY, KENT, CT6 5HP |
Guide: £25,000 - Plus |
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FREEHOLD GROUND RENTS
Currently Let At: £1,300 Per Annum
Two adjoining terraced bay-fronted houses divided into seven flats, all sold on 125 year leases, five from 1st April 2007, one from 9th May 2007 and one from 8th June 2007. Flat 1 has a current ground rental of £350 per annum; Flat 2 £100 per annum; Flats 3, 4 and 5 £175 per annum each; Flat 6 £75 per annum and Flat 7 at £250 per annum. The ground rents double every 25 years.
The leases provide for the freeholder to arrange for the insurance, maintenance and management of the building and recover the cost from the leaseholders by way of a service charge.
Auctioneer’s Note
Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served and the leaseholders have not reserved their rights under the legislation.
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