Lot 20: FREEHOLD GROUND RENTS

Guide Price £30,000 – £35,000 * + Fees
Ground Rents, 71 St Johns Road, Sevenoaks, Kent. TN13 3NE

Currently let at £1,350 per annum

Applicants may view the lot externally only

01622 608400

John Stockey/Chris Milne

An attractive detached property converted into seven self-contained flats. Flats A,B,C and D have each been sold on a lease for a term of 125 years, from 1st January 2006/7, at a current ground rental of £150 per annum doubling each 25 year period. Flats E,F and G have each been sold on a lease for a term of 125 years, from 1st January 2018, at a ground rental of £250 per annum.

The leases provide for the freeholder to arrange the maintenance, insurance, and management of the property recovering the cost 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.