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009 |
| GROUND RENTS, ST MILDREDS COURT, 16 ST MILDREDS ROAD, RAMSGATE, KENT, CT11 0EQ |
Guide: £30,000 - £32,000 |
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FREEHOLD GROUND RENTS
Currently Let At: £1,820 Per Annum
A detached property divided into eight flats, six sold on long leases of 125 years from December 2007 at a current ground rental of £220 per annum, while flats one and two are also sold on 125 year leases from 25th November 2008 and the 13th June 2008 respectively at a current ground rental of £250 per annum each.
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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