Lot 4 : A ground rent investment

27 Middle Mead, Rochford. , SS4 1RJ

Guide price*

£9,000

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Description

A ground rent investment on a building arranged with three long Leases with various terms.

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DESCRIPTION 

27 Middle Mead: 125 year Lease commencing January 2017 with a Peppercorn Ground Rent.
 
27a Middle Mead: 99 year Lease commencing June 1991. Ground Rent for the first 33 years is £50, for the next 33 years is £100 and the next 33years is £150.
 
27b Middle Mead: 99 year Lease commencing December 2006. Ground rent £200 for the first 33 years, £400 for the next 33 years and £800 for the remainder.
 
Under the Landlord and Tenants Act 1987, the Section 5 (b) notices have been served on the Tenants.  

A counter notice has been received.  

ENERGY PERFORMANCE 

Not applicable


27 Middle Mead, Rochford. Open in google maps

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General remarks

Tenanted properties may only be viewed by prior arrangement with Hair & Son. The Auctioneer reserves the right to divide or sell part of any lot or offer two or more lots together.

*An important note on guide prices

We issue a guide price for each property. These are not the same as reserve prices which are the undisclosed figure below which the property will not be sold “under the hammer”. The guide prices are usually set at the lower end of the vendors expectations. Guide prices are sometimes adjusted between publication of the catalogue and the auction sale, these adjustments are shown on our web site. They can go up especially if pre Auction offers are received and declined in excess of the guide, or they can go down. Within the industry the reserve is expected to be within 10% of the final guide price. As a general rule our reserves over the past year have not exceeded the price guides in the catalogue.

See our Notice to Bidders

Occasionally properties are sold prior to auction and we recommend that prospective purchasers check with this office on
01702 39 49 59 on the morning of the sale to confirm that the property in which they are interested is still available.

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Lot 4 27 Middle Mead, Rochford. , SS4 1RJ

A ground rent investment £9,000

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Lot 4 : • 27 Middle Mead, Rochford. , SS4 1RJ

A ground rent investment • £9,000

Auction on 5th October 2017 3pm

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