Lot 25 Freehold Ground RentsAuction Date:
12th June 2025
Ground Rents, Flats, 43-49 Wyburns Avenue, Rayleigh, Essex, SS6 7QX
Currently let at £413 per annum
Currently let at £413 per annum
This freehold ground rent investment comprises a purpose-built detached two storey building divided into four self-contained maisonettes. The four garages and divided sections of garden are demised to the flats. Wyburns Avenue is approximately 1.3 miles from Rayleigh railway station. Meanwhile, Rayleigh High Street gives access to an array of shops, bars, and restaurants.
Flats 47 and 49 are sold on 99-year leases from June 2021 and September 2018 at an annual ground rental of £200 each, with Flat 43 having been sold on a 199-year lease from March 1969 at an annual ground rental of £12.60. Flat 45 is sold on a 999-year lease from March 1969 at a nil ground rent.
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
