Lot 94

FREEHOLD GROUND RENTS

Ground Rents, 21 Linton Road, Hastings, East Sussex, TN34 1TW
Ground Rents, 21 Linton Road, Hastings, East Sussex, TN34 1TW
Sold £10,000

Currently let at £500 per annum

An end-terrace three storey building arranged as six self-contained flats situated in a popular residential area within close proximity of Hastings town centre.

Flats 3, 4 and 5 have been sold on 125 year leases, from 29th September 2017, each paying a current ground rental of £100 per annum, increasing by £50 every 25 years for the remainder of the term. Flat 1 is sold on a 125 year lease, from 30th September 1988, at a current ground rental of £50 per annum, increasing by £25 every 33 years for the remainder of the term. Flat 2 is sold on a 125 year lease, from 24th December 2017, at a current ground rental of £50 per annum, increasing by £25 every 35 years for the remainder of the term and Flat 6 is sold on 125 year lease, from 25th December 2015, at a current ground rental of £100 per annum, increasing by £50 every 25 years for the remainder of the term.

We understand that the freeholder insures, manages and maintains the block recovering the cost from the leaseholders by way of a service charge.

Auctioneer's Note

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

Important

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 Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/