An attractive property comprising four self-contained flats each sold on a Ground Lease.
Flat 1 has been sold on a 99 year lease, from 4th April 2016, at a ground rental of £250 per annum, doubling every 25 years. Flat 2 has been sold on a 99 year lease, from 25th December 1982, at a ground rental of £50 per annum. Flat 3 has been sold on a 168 year lease, from 23rd July 2012, at a ground rental of £150 per annum for 56 years, increasing to £300 per annum for 56 years and then £600 for the remainder of the term and Flat 4 has been sold on a 99 year lease, from 25th December 1982, at a ground rental of £50 per annum.
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. 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 the Auction Day.
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Ground Rents, 12 York Road, Tunbridge Wells, Kent TN1