Property for sale

Ground Rents, 8-14 Copenhagen Road, Gillingham, Kent ME7

A terrace of four properties which was converted into nine self-contained flats in the early 1990s. Each flat has been sold on a long lease sold interest, the lease terms are set out below.

The lease is for Flats 8,10,10A, 12,12A and 14 and are each for a term of 99 years from 25th March 1991 and contain a rent review provision for the ground rental to be increased on every sale of the flat (assignment or transfer) by an amount which is 0.5% of the difference between price the flat is sold for and the original sale price in 1991.

Flats 8,10,10A, 12A and 14
Tenure
Remainder of a 99 year lease, from 25th March 1991 at a current ground rental of £50 per annum.

Flat 12
Tenure
Remainder of a 99-year lease, from 25th March 1991 at a current ground rental of £262.50 per annum.

Flat 8A
Tenure
Remainder of a lease, from 24th April 2017 to 24th March 2180 at a current ground rental of £141.25 per annum.

Flat 8B
Tenure
Remainder of a lease, from 16th February 2018 to 24th March 2143 at a current ground rental of £380 per annum.

Flat 14A
Tenure
Remainder of a 189 year lease, from 25th March 1991 for a term of 189 years at a current ground rental of £50.

Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.
Important:
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.

Price Information
*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 , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to