Lot 62

FREEHOLD GROUND RENTS

Ground Rents, 4 & 4B West Haye Road, Hayling Island, Hampshire, PO11 9RN
Ground Rents, 4 & 4B West Haye Road, Hayling Island, Hampshire, PO11 9RN
Sold £7,000

Currently let at £200 per annum

This freehold building comprises two flats, each sold on long lease terms of differing lengths at a ground rent of £100 per flat, per annum.

Flat 4 is held under the terms of a 150 year lease, from 25th July 2018, while Flat 4B is sold under the terms of a 99 year lease, from 25th December 1989.

The freeholder is responsible under the terms of the leases for the management and insurance of the building which is reclaimed from the lessees via 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/