Lot 14 Freehold Ground RentsAuction Date:
24th July 2025
Ground Rents, Flats 37-53A Hawkley Court, Chapel Street, Billericay, Essex, CM12 9LT
Currently let at £770 per annum
Located in a residential area of Billericay, Hawkley Court is a purpose built three storey block comprising twelve two-bedroom flats. The property is ideally situated for commuters being very close to Billericay's mainline railway station offering direct services to London, the town centre with its array of shops, restaurants, cafés and further amenities.
We understand the freeholder is responsible for the maintenance, management and insurance of the building recovering the costs from the leaseholders by way of a Service Charge all handled by a Managing Agent.
Flat 37, 43 & 47
Tenure
Remainder of 189-year leases from 25th March 1974 each currently let at a peppercorn ground rental.
Flat 39
Tenure
Remainder of 152-year lease from 25th March 1974 currently let at a ground rental of £200 per annum to 23rd June 2044, increasing to £400 per annum to 23rd June 2077, increasing to £500 per annum for the remainder of the term.
Flat 45
Tenure
Remainder of 189-year lease from 25th March 1974 currently let at a ground rental of £200 per annum to 23rd June 2026, increasing to £400 per annum to 23rd June 2069, increasing to £500 per annum for the remainder of the term.
Flats 49 & 49A
Tenure
Remainder of 99-year leases from 25th March 1974 each currently let at ground rentals of £30 per annum.
Flat 51
Tenure
Remainder of 125-year lease from 29th September 2014 currently let at a ground rental of £250 per annum to 29th September 2039, increasing to £500 per annum to 28th September 2064, increasing to £1,000 per annum to 28th September 2089, increasing to £2,000 per annum for the remainder of the term.
Flat 51A
Remainder of 99-year lease from 25th March 1974 let at a ground rental of £30 per annum.
Flat 53 & 53A
Tenure
Remainder of 157-year leases from 1st June 2006 each currently let at a peppercorn ground rental.
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.
Further Information
Paul Wood/Paul Bridgeman
on 01245 205778
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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
