Lot 18 Freehold Ground RentsAuction Date:
30th October 2025
Ground Rents, Waters Edge, 631 Beverley Road, Hull, HU6 7JJ
Currently let at £850 per annum
A purpose-built freehold block of 30 flats, along with a further lease to the rear of the garage site adjoining 1-30 Waters Edge.
28 of the flats are on 125-year leases from 1st April 1984 at a current ground rental of £25 per annum each. Two further flats have been extended to 31st March 2983, one of which is on a current ground rental of £125 per annum and the second is remaining at £25 per annum.
The garages and land are on a lease for a term of 999-years from 30th September 2005 at a current ground rental of a peppercorn.
The tenants of the building have exercised their right to manage and formed a management company. The management company assumed responsibility for the management of the building from 7th May 2025.
Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have reserved their rights under the legislation.
Further Information
James Emson
on 01622 608400
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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
