Property for saleGround Rents, 69 Enys Road, Eastbourne, East Sussex
Guide Price* £20,000
- For Sale by Public Auction at The Hilton Brighton Metropole
- Auction Date : 14 December 2016
- Lot Number : 59
- Freehold Ground Rents
- Ground Rents
- Current Rental : £225 per annum
- *Guide Price : £20,000 - £22,000
A semi-detached property arranged as five self-contained flats located in a popular area of Eastbourne.
Flat 1A has been sold on a 99 year lease from 24th June 1984 at a current ground rental of £50 per annum for the first 33 years, increasing by £50 every 33 years throughout the term.
Flats 2 and 4 have each been sold on a 99 year lease from 24th June 1984 at a current ground rental of £25 per annum for the first 33 years, increasing to £50 per annum for the next 33 years and £100 per annum for the remainder of the term.
Flat 1 has been sold on a 998 year lease from 24th June 1984 at a current ground rental of £25 per annum for the first 33 years, increasing to £50 per annum for the next 33 years and £100 per annum for the remainder of the term.
Flat 3 has been sold on a 99 year lease from 25th March 2008 at a current ground rental of £25 per annum until 2017, £50 per annum for the next 33 years and £100 per annum for the remainder of the term.
Auctioneer's Note 1
Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have reserved their rights under the legislation.
Auctioneer’s Note 2
We understand that the leases provide for the freeholder to insure, maintain and manage the block, recovering the costs from the leaseholders by way of a service charge.
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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