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Ground Rents, 18
Ground Rents, 18-20 Victoria Street, Rochester, Kent
£7,000
Ground Rents, 18-20 Victoria Street, Rochester, Kent
£7,000
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 is a freehold block of eight flats located in Rochester's town center, with each flat sold on a 125-year lease. The ground rent varies for each flat, with flats 1-6 having a current rent of £100 per annum that doubles every 25 years, while 18A has a fixed rent of £100 per annum and 18B has a peppercorn rent. The freeholder is responsible for insuring, maintaining, and managing the property, and recovers the costs from the leaseholders through a service charge. It's worth noting that Section 5B Notices under the Landlord & Tenant Act 1987 have been served, and the leaseholders have not reserved their rights under the legislation.