Property for saleGround Rents, 13-15 Ridge Park Road, Plympton, Plymouth, Devon
Guide Price* £60,000
- For Sale by Public Auction at The St Mellion International Resort
- Auction Date : 16 December 2016
- Lot Number : 98
- Freehold Ground Rent Investment
- Ground Rents
- *Guide Price : £60,000 - £80,000
A relatively modern block containing 24 apartments located in a sought after residential area, each sold on a 999 year lease from 24th June 2006 at a current ground rent of £175 per annum.
The leases provide for the ground rents to be reviewed every 20 years as detailed in the leases.
We understand the freeholder insures, manages and maintains the block, recovering the costs from leaseholders by way of a service charge.
Section (5b) Notices under the Landlord and Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.
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.
*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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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