Ground Rents, 186 & 186A Main Road... Property for sale

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Ground Rents, 186 & 186A Main Road... Property for sale

Ground Rents, 186 & 186A Main Road, Sidcup, Kent
£5,000

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 : 01 May 2025
  • For Sale by Online Auction

Description

This freehold building consists of two maisonettes, each with a 125-year lease from 1998, with ground rentals that double every 33 years until the end of the term. The current annual ground rent for each lease is £75, which will increase over time. It's worth noting that Section 5B Notices under the Landlord & Tenant Act 1987 have been served, and the leaseholders have not exercised their rights under the legislation. The properties are being sold subject to the Common Auction Conditions and Special Conditions of Sale, unless otherwise specified by the sellers.
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