Lot 4: FREEHOLD GROUND RENTS

Guide Price £28,000 – £30,000 *
Ground Rents,
Fortune Court,
126 Upper Stone Street,
Maidstone,
Kent. ME15 6HD

Currently let at 1,600 per annum

Applicants may view the lot externally only

01622 608400

John Stockey/Ben Snelling

A modern purpose built development of eight residential flats each sold on a ground lease for a term of 125 years from 1st January 2016 at a current ground rental of 200 per annum, rising throughout the term.

The leases provide for the freeholder to arrange the maintenance, management and insurance of the block, 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.

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.