Ground Rents, Elm Court, Wych Elm... Property for sale

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Ground Rents, Elm Court, Wych Elm... Property for sale

Ground Rents, Elm Court, Wych Elm Way, Hythe, Kent
£8,000

Our Summary

  • Important:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
  • Auction Date : 30 October 2025
  • For Sale by Online Auction

Description

This property is a freehold detached block comprising eight flats, all sold on long leases. The leases vary in length, with three having approximately 59 years remaining, while others have 99-year or 125-year leases. The ground rent for most flats is £132 per annum, while one flat has a peppercorn rent. The freeholder is responsible for insurance, maintenance, and management of the block, and recovers costs from the leaseholders through a service charge. It's noted that Section 5B Notices have been served, allowing the freeholder to recover costs without the leaseholders' consent.