Lot 10 Freehold Ground RentsAuction Date:
12th June 2025
Ground Rents, Flats A-D, 444 Havering Road, Romford, Essex, RM1 4DF
Currently let at £452 per annum
This freehold ground rent investment comprises a purpose-built detached two storey building divided into four self-contained maisonettes. The three garages and one parking space plus sections of garden are demised to the flats. Havering Road is approximately 2.6 miles from Romford railway station.
Flat A has been sold on a 99-year lease from 24th June 2011 at a ground rental of £100 per annum.
Flat B has been sold on a 189-year lease from 5th May 1963 at a peppercorn ground rent.
Flat C has been sold on a 99-year lease from 24th June 2000 at a ground rental of £102 per annum.
Flat D has been sold on a 99-year lease from 25th March 2016 at a ground rental of £250 per annum.
We understand the freeholder is responsible for the insurance and maintenance of the building, with the costs recoverable from the leaseholders.
Auctioneer's Note
Section 5B Notices under the Landlord & Tenants Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.
Viewing
External viewing only. Applicants may view directly on site during daylight hours, taking care to avoid trespassing en-route.
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
