Ground Rents, Waters Edge, 631... Property for sale

>

Ground Rents, Waters Edge, 631... Property for sale

Ground Rents, Waters Edge, 631 Beverley Road, Hull
£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 : 30 October 2025
  • For Sale by Online Auction

Description

This property is a freehold block of 30 flats, with 28 of them on 125-year leases from 1984, paying £25 per annum in ground rent, and two others on extended leases until 2983, with one paying £125 per annum and the other £25 per annum. The garages and land are on a 999-year lease from 2005, with a peppercorn ground rent. The tenants have formed a management company, which took over the building's management in 2025. The property is being sold subject to the Common Auction Conditions and Special Conditions of Sale, with Section 5B Notices under the Landlord & Tenant Act 1987 having been served, allowing leaseholders to reserve their rights under the legislation.