Lot 101 Freehold Ground Rents And Planning For Three Additional Flats In Roof SpaceAuction Date:
14th December 2022
Ground Rents, Guithavon House, Guithavon Street, Witham, Essex, CM8 1BJ
Currently let at £2,660 per annum
This two storey building comprises nine flats and is just a short distance from the junction with Newland Street, the main commercial street in the town centre with all the town’s amenities (banks, shops, restaurants, services etc).
Eight of the flats are held on 150-year leases, from 24th June 2017, the remaining flat on 150 years from 24th June 2018. Each flat pays an annual ground rental of £240 per annum, fixed throughout the term. The Auctioneers have been informed one of the leaseholders rents a store room under Licence for £500 per annum.
We understand the leases provide for the freeholder to insure, maintain and manage the building, recovering the costs from the leaseholders by way of a service charge.
Planning
Planning Permission has been granted by Braintree District Council under ref: 22/00276/FUL, dated 30th March 2022, for conversion of roof space, erection of three dormer windows and installation of rooflights in connection with the creation of three, one-bedroom flats, with associated bin and
cycle storage, subject to conditions.
A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority website: braintree.gov.uk.
Tel: 01376 557779.
Proposed Accommodation
In accordance with the plans, each flat will comprise one bedroom, bathroom and W.C. and open plan kitchen/living space.
Proposed Floor Areas
Flat 1 - approx. 51 sq.m.
Flat 2 - approx. 63 sq.m.
Flat 3 - approx. 52 sq.m.
Auctioneer’s Note
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.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
