miles
Lot 115

FREEHOLD GROUND RENTS

Ground Rents, 146 Kingsland High Street, London, E8 2NS
Ground Rents, 146 Kingsland High Street, London, E8 2NS
Sold £24,050

A period terrace building providing three flats over the first and second floors. Each flat is sold on a 150-year lease from 1st January 2016, producing a current ground rental of £250 per annum each, rising.

The ground floor and basement parts are occupied by two separate commercial businesses, both sold on leases for 250 years from 1st January 2017 at peppercorn ground rentals.

We understand from the seller that a yearly cost apportionment is made between the residential and commercial leaseholders in relation to the upkeep of communal areas and further details will be available to download from the Clive Emson website.

Auctioneer's Note 1

In accordance with Land Registry Office Copy Entries, the freehold is known as 146 Kingsland High Street; the residential flats are known as Elliott House, 79A Alvington Crescent and the rear commercial part is known as 79 Alvington Crescent.

Auctioneer’s Note 2

Section 5B Notices under the Landlord & 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/