Lot 11

FREEHOLD GROUND RENTS OF ENTIRE DEVELOPMENT

25-39 & 20-42 Maytree Cl and Land R/O 13-21 Maytree Cl, Rainham, Essex, RM13 8EP
Sold £320,000

Currently let at £1,960 per annum

An unbroken estate of 20 flats with gardens, garages and parking spaces, constructed in the mid-1970s and all sold on ground leases described in the table below.

In addition, there is an area of land to the rear of numbers 13-21 Maytree Close, which together with the blocks of flats are all registered under the same Title at the Land Registry and described as ‘the land on the east side of Betterton Road, Rainham’.

Local Planning Authority

London Borough of Havering. Tel: 01708 433100. Website: havering.gov.uk.

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/