Lot 4 Freehold Ground RentsAuction Date:
24th July 2025
Ground Rents, Flats 2-48 Chapel Court, Billericay, Essex, CM12 9LX
Currently let at £2,030 per annum
Located in a residential area of Billericay, Chapel Court is purpose built comprising twenty-four flats being a mix of one-bedroom and four-bedroom split level properties. The flats are 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 2
Tenure
Remainder of 137-year lease from 1972 currently let at ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2026, increasing to £500 per annum on 23rd June 2069 for the remainder of the term.
Flat 4
Tenure
Remainder of 189-year lease from 29th September 1984 currently let at a peppercorn ground rental.
Flat 6
Tenure
Remainder of 153-year lease from 29th September 1972 currently let at a peppercorn ground rental.
Flats 8, 10 & 40
Tenure
Remainder of 189-year leases from 29th September 1972 each currently let at a peppercorn ground rental.
Flat 12
Tenure
Remainder of 99-year lease from 23rd August 2011 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 22nd August 2044, increasing to £500 per annum on 22nd August 2077 for the remainder of the term.
Flats 14, 20, 24 28, 36 & 38
Tenure
Remainder of 99-year leases from 29th September 1972 each currently let at a ground rental of £30 per annum.
Flat 16
Tenure
Remainder of 99-year lease from 26th July 2013 currently let at a ground rental of £250 per annum, increasing to £500 per annum on 25th July 2045, increasing to £750 per annum on 25th July 2078 for the remainder of the term.
Flats 18 & 32
Tenure
Remainder of 189-year leases from 29th September 1972 each currently let at a peppercorn ground rental.
Flat 22
Tenure
Remainder of 137-year lease from 29th September 1972 currently let at a ground rental of £200, increasing to £400 per annum on 23rd June 2036, increasing to £500 per annum on 23rd June 2069 for the remainder of the term.
Flat 26
Tenure
Remainder of 189-year lease from 29th September 1972 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2036, increasing to £500 per annum on the 23rd June 2069 for the remainder of the term.
Flat 30
Tenure
Remainder of 227-year lease from 29th September 1974 currently let at a peppercorn ground rental.
Flat 34
Tenure
Remainder of 154-year lease from 29th September 1974 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2036, increasing to £500 on 23rd June 2069 for the remainder of the term.
Flat 42 & Flat 44
Tenure
Remainder of 137-year leases from 29th September 1972 each currently let at ground rental of £200 per annum, each increasing to £400 per annum on 23rd June 2042, each increasing to £500 on the 23rd June 2075 for the remainder of the term.
Flat 46
Tenure
Remainder of 156-year lease from 29th September 1972 currently let at a peppercorn ground rental.
Flat 48
Remainder of 163-year lease from 29th September 1972 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2043, increasing to £500 on the 23rd June 2076 for the remainder of the term.
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
Viewings
Applicants may view the lot externally only
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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
