Lot 26: FREEHOLD GROUND RENTS

Sold £9,000

An attractive freehold property situated in the heart of Elham village, and comprising The Cosy Tea Rooms which has been sold on a long lease from 8th April 2015 to 7th April 3014 at a peppercorn ground rental, and two flats (Flat 1 and Flat 2 Goatsman Yard) each sold on a 125 year lease, from 1st January 2004, at a current ground rental of £200 per annum, rising by £200 every 25 years. Next review 2029 to £400 per annum each.

Auctioneer’s Note

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