Property for sale

Ground Rents, Elm Court, Wych Elm Way, Hythe, Kent CT21

A freehold detached block comprising eight flats, all sold on long leases. Three flats have approximately 59-years unexpired on their current terms. Flats 2,4 and 5 are each sold on 99-year leases from 25th March 1985 at a current ground rent of £132 per annum each. Flat 3 has been sold on a 125-year lease from 24th June 2016 at a current ground rent of £125 per annum. Flats 1,6 and 7 have each been sold on 125-year leases from 2024 and Flat 8 has been sold on a 125-year lease from 2025 at a current ground rent of peppercorn.

We understand that the freeholder is responsible for insurance, maintenance and management of the block, recovering the costs from the leaseholders by way of a service charge.

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.
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