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Lot 60 Freehold Ground RentsAuction Date:
7th February 2024
Ground Rents, Kinsey Court, 7 Amherst Road, Tunbridge Wells, Kent, TN4 9LG
On the instructions of the administrators
Currently let at £2,500 per annum
An attractive and substantial property situated in the St Johns quarter of Tunbridge Wells, comprising 10 apartments, all sold on 125-year leases, from 1st January 2013, to and including 31st December 2138. Each lease is subject to a Deed of Variation and a current ground rent of £250 per flat until the end of the term.
Auctioneer's Note
All 10 flats are owned by one company that is currently in Receivership and therefore Section 5B Notices are not required. We understand the Receivers are in the process of selling the flats individually.
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
