Lot 9

FREEHOLD GROUND RENTS

Ground Rents, 11-30 Sommerville Close, Faversham, Kent, ME13 8HP
Ground Rents, 11-30 Sommerville Close, Faversham, Kent, ME13 8HP
REFER TO AUCTIONEERS

Currently let at £750 per annum

SINCE PUBLISHING THE SALES DETAILS THE LEASE FOR FLAT 21 HAS BEEN EXTENDED AND THE GUIDE PRICE HAS THEREFORE BEEN REDUCED

A large block of 20 flats together with garages and communal gardens, built in the early 1970s and for sale by the original developers. All of the flats are sold on long leases with 14 being the original 99-year leases from 1975.

Flats 11-15 and 17 & 18

Studios with garages.

Tenure

Each on a remainder of a 99-year lease from 1st January 1975 at a current ground rental of £30 per annum.

Flat 20

Studio with garage.

Tenure

Remainder of a 99-year lease from 1st January 1975 at a current ground rental of £30 per annum.

Flats 23 & 26-30

Two bedroom maisonettes with garages.

Tenure

Each on a remainder of a 99-year lease from 1st January 1975 at a current ground rental of £30 per annum.

Flat 19

Studio with garage.

Tenure

Remainder of a 189-year lease from 1st January 1975 at a peppercorn ground rental.

Flat 16

Remainder of a 125-year lease from 12th July 2018 at a ground rental of £150 per annum.

Flat 21 & 22

Two bedroom maisonette with garage.

Tenure

Remainder of a 189-year lease from 1st January 1975 at a peppercorn ground rental.

Flat 24

Two bedroom maisonette with garage.

Tenure

Remainder of a 125-year lease from 12th July 2018 at a current ground rental of £150 per annum.

Flat 25

Two bedroom maisonette with garage.

Tenure

Remainder of a 141-year lease from 1st January 1975 at a current ground rental of £150 per annum.

Auctioneer's Note

Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have 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/