Lot 124 Freehold Ground RentsAuction Date:
13th December 2023
Ground Rents, 72 Farley Road, Catford, London, SE6 2AB
Currently let at £100 per annum
Situated in the Catford area of South East London, the two flats are located in a mid-terrace bay-fronted building. Each flat has been sold under the terms of a long lease, the ground floor flat having been sold on a 99-year lease from 6th November 1992 and the first floor flat sold under the terms of an extended lease for a term of 199-years from the 29th May 2022. Each flat has a current ground rent of £50 per annum.
We understand, the freeholder is responsible for insurance and maintenance of the building, recovering the costs from the leaseholders by way of a service charge.
Auctioneer's Note
Section 5B notices under the Landlord and 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
