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Lot: 42 - FREEHOLD GROUND RENTS - Outside view of corner part of building from York RoadLot: 42 - FREEHOLD GROUND RENTS - Outside view of side of building in Cromer Road
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Lot 42 Freehold Ground RentsAuction Date:
12th June 2024

Ground Rents, Cromer Lodge, Cromer Road & 135 York Road, Cromer Road, Southend-on-Sea, SS1 2DU


Currently let at £1,000 per annum

Category Ground Rents
Tenure Freehold

A substantial building located on the corner of Cromer Road and York Road, a short distance from Southend town centre, shopping and Southend Central mainline railway station (regular C2C services to London Fenchurch Street). The building comprises six flats located over various floors together with associated car parking spaces.

Each flat is sold on a 125-year lease, from 1st January 2013, with four flats at a current ground rental of £250 per annum each and two remaining flats on peppercorn ground rents. We understand from the Seller that the leases provide for the freeholder to arrange the maintenance, management and insurance of the building, recovering the costs from the leaseholders by way of a service charge.

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.

Ground Rents, Cromer Lodge, Cromer Road & 135 York Road, Cromer Road, Southend-on-Sea

There is an addendum available to be read
in conjunction with the legal documentation.

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