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Property Listing Details

Property for sale

Ground Rents, Ringwood Court, Seaside, Eastbourne, East Sussex BN22

Guide price

£15,000

Features

  • For Sale by Public Auction at The Hilton Brighton Metropole
  • Auction Date : 25 July 2018
  • Lot Number : 97
  • Freehold Ground Rents
  • Ground Rents
  • Freehold
  • Current Rental : £160 Per Annum
  • *Guide Price : £15,000 - £18,000 + Fees

Description

A substantial freehold block arranged as 16 flats situated on the corner of Seaside and Ringwood Road.

Flat 1 is sold on the remainder of a 189 year lease, from 25th December 1960; Flats 2,3,5,8,9 and 13 are each sold with the remainder of a 151 year lease, from 29th September 2007; Flat 4 is sold on the remainder of a 125 year lease, from 31st March 2016; Flats 6,7,10,11,14 and 16 are each sold on a 147 year lease, from 29th September 2002; Flat 12 is sold on the remainder of a 99 year lease, from 25th October 1960 and Flat 15 is sold on a 90 year lease from 25th December 2001. Each flat has a current ground rental of £10 per annum.

Ringwood Court (Management) Limited manages the block under Agreements dated 7th October 1960 and 29th January 1963.

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.


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 , or contact us on , in order to stay fully informed with the up-to-date information.

*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

Floorplan

No floorplan available

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Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Roselands Infants' School 0.2 miles
  • St Andrew's Church of England Infants School 0.4 miles
  • Eastbourne 1 miles
  • Hampden Park (Sussex) 1.5 miles

Price history

Sold prices provided by Land Registry
29th Jun 2018 £15,000 First listed

Running costs

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Property descriptions and related information displayed on this page are marketing materials provided by Clive Emson Auctioneers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clive Emson Auctioneers for full details and further information.