Home > Auctions > 3 & 4 September 2024 04 September 2024 - 9:30am > Lot 156

3 & 4 September 2024: Wednesday 04 September 2024 - 9:30am
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    Key features

    • To be offered on Tuesday 3 September
    • Ground rent investment of 44 flats
    • 16 Flats have 50 years unexpired
    • Freehold
    • Currently producing £3,540 p.a.
    • Of interest to investors

    Description

    A Freehold block of 44 flats all sold on leases, 16 of which have 50 years unexpired.

    Additional information

    Tenancy

    Flat 1 - 189 years from 25.12.1975

    Flat 2 - 189 years from 25.12.1975

    Flat 3 - 189 years from 25.12.1975

    Flat 4 - 189 years from 25.12.1975

    Flat 5 - 189 years from 25.12.1975

    Flat 6 - 189 years from 25.12.1975

    Flat 7 - 99 years from 25.12.1975

    Flat 8 - 189 years from 25.12.1975

    Flat 9 - 99 years from 25.12.1975

    Flat 10 - 99 years from 25.12.1975

    Flat 11 - 189 years from 25.12.1975

    Flat 12 - 189 years from 25.12.1975

    Flat 12A - 99 years from 25.12.1975

    Flat 14 - 99 years from 25.12.1975

    Flat 15 - 125 years from 16.11.2012

    Flat 16 - 99 years from 25.12.1975

    Flat 17 - 99 years from 25.12.1975

    Flat 18 - 99 years from 18.2.2016

    Flat 19 - 189 years from 25.12.1975

    Flat 20 - 189 years from 25.12.1975

    Flat 21 - 110 years from 8.8.2019

    Flat 22 - 189 years from 25.12.1975

    Flat 23 - 125 years from 15.8.2018

    Flat 24 - 99 years from 25.12.1975

    Flat 25 - 99 years from 25.12.1975

    Flat 26 - 99 years from 25.12.1975

    Flat 27 - 99 years from 25.12.1975

    Flat 28 - 99 years from 25.12.1975

    Flat 29 - 189 years from 25.12.1975

    Flat 30 - 189 years from 25.12.1975

    Flat 31 - 99 years from 25.12.1975

    Flat 32 - 189 years from 25.12.1975

    Flat 33 - 189 years from 25.12.1975

    Flat 34 - 189 years from 25.12.1975

    Flat 35 - 189 years from 25.12.1975

    Flat 36 - 125 years from 18.12.2017

    Flat 37 - 125 years from 13.1.2020

    Flat 38 - 99 years from 6.12.2017

    Flat 39 - 99 years from 25.12.1975

    Flat 40 - 99 years from 25.12.1975

    Flat 41 - 189 years from 25.12.1975

    Flat 42 - 159 years from 25.12.1975

    Flat 43 - 189 years from 25.12.1975

    Flat 44 - 99 years from 25.12.1975


    Notes

    There is a storage cupboard which is let to the Shortridge Court Residents Association at a rent of £156 per annum which has not been increased in 10 years. The Shortridge Court Residents Association looks after all matters dealing with the buildings, the freeholder collects ground rent annually and signs notices on sale of leases, at a fee of £50 per notice.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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        Local information

        Located off Hatfield Road, just north of the A12 between Hatfield Peverel and Rivenhall End and close to Witham Town Centre.

        Transport

        Mainline - Witham (Greater Anglia)

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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