Withdrawn | Lot 7

Ground Rent Investment, Van Dyck House, Van Dyck Road, Prettygate, Colchester, Essex, CO3 4QD

Withdrawn

  • Block of Apartments
  • Tenure: Freehold

Call the team on 01206 589 280 for more information

Auction Date

Wed 28/03/2018

Auction Time

19:00

Auction Venue

Best Western Marks Tey Hotel London Road, Marks Tey, Colchester, CO6 1DU

A FREEHOLD GROUND RENT INVESTMENT currently producing £330 per annum with increases every 33 years

A ground rent investment secured on four flats within the building.

Tenure

Freehold

SCHEDULE

Flat 1 - Ground rent: £100 p.a payable until 20th March 2036, then £300 p.a payable until 20th March 2069, then £600 p.a for the rest of the 99 year term. Flat 2 - Ground rent: £100 p.a payable until 20th March 2036, then £300 p.a payable until 20th March 2069, then £600 p.a for the rest of the 99 year term. Flat 3 - Ground rent: £100 p.a payable until 20th March 2036, then £300 p.a payable until 20th March 2069, then £600 p.a for the rest of the 99 year term. Flat 4 - Ground rent: £30 p.a payable until 24th December 2018, then 60 p.a until 24th December 2051, then £90 p.a for the rest of the 99 year term

NOTE

Under the Landlord and Tenant Act 1987, the Section 5 (b) Notices have been served on the Tenants.

VIEWING

Will not be possible. Prospective purchasers are advised to register their interest with the Auctioneers - Tel: 01206 589280

Local Authority

Colchester Borough Council

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - £720 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.