Lot 41 - Ground Rents, 6 Christ Church Road, Folkestone, Kent

CT20 2SL

Clive Emson Online Auction describes this property as: A freehold semi-detached block divided into 4 flats, all sold on long leases. Flat 1 is sold on a 99 year lease from 18th December 2015 at a current ground rental of £245 per annum, doubling every 21 years, next increase to £490 due 24th June 2036. The Ground Floor Flat is sold on a 125 year lease from 10th December 2018 at a current ground rental of £245 per annum, doubling every 21 years, next increase to £490 due 25th March 2039. Flat 2 is sold on a 99 year lease from 1st October 2014 at a current ground rental of £245 per annum, increasing by £145 every 21 years, next increase to £390 due 24th June 2035. Flat 3 is sold on a 125 year lease from 30th August 2018 at a current ground rental of £245 per annum, doubling every 21 years, next increase to £490 due 25th March 2039. We understand the freeholder insures, maintains and manages the block, recouping the costs from the leaseholders by way of service charge. 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.

Auctioneer's Lot page

£17,500 – £18,000

Guide Price

FREEHOLD
  • semi-detached