Lot 17 Freehold Ground Rent InvestmentAuction Date:
26th March 2026
Ground Rents, Land South West Side Of Grove Road, Tring, Herts, HP23 5FE
Currently let at £205 per annum
This freehold ground rent investment comprises 14 leases, which formed part of an estate of detached two storey properties, being flats and maisonettes with garage facilities, within this residential development. The leases are currently producing a total ground rental of £205 per annum. The electricity sub-stations at Chiltern Way and Verney Close are each let on a peppercorn.
The properties are situated just off Grove Road on the outskirts of Tring, being within easy access of local shopping facilities and amenities. There are excellent road links to nearby Aylesbury and Hemel Hempstead via the A41.
15 & 16 Carrington Place
Tenure
Each sold on a 200-year lease, from 29th September 1964 at a current ground rental of £12.50 per annum.
19 & 20 Carrington Place
Tenure
Each Sold on a 200-year lease, from 29th September 1964 at a current ground rental of £12.50 per annum.
35 & 36 Carrington Place
Tenure
Each Sold on a 200-year lease, from 29th September 1964 at a current ground rental of £12.50 per annum.
46 Carrington Place
Tenure
Sold on a 200-year lease, from 29th September 1964 at a current ground rental of £25.00 per annum.
18 Mortimer Hill
Tenure
Sold on a 200-year lease, from 29th September 1964 at a current ground rental of £30.00 per annum.
Flats 7-12 Verney Close
Tenure
Each sold on a 200-year lease, from 29th September 1964 at a current ground rental of £12.50 per annum.
Verney Close - Electricity Substation
Tenure
Sold on a 99-year lease, from 24th June 1967, at a peppercorn ground rent.
Chiltern Way - Electricity Substation
Tenure
Sold on a 99-year lease, from 12th June 1967, at a peppercorn ground rent.
Estate Land
The lot includes the former estate land, some of which (the roads and verges) are maintained at public expense, including roads, grass verges, communal parking areas, pedestrian paths, an area of open space, and vehicular access to garages.
Auctioneer's Note
Section 5(B) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the Leaseholders have not reserved their rights under the legislation.
Viewing
External only.
Further Information
Richard Payne
on 01273 504232
Viewings
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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
