Ground Rents, Flats, 27

>

Ground Rents, Flats, 27

Ground Rents, Flats, 27-29 Beamway, Dagenham, Essex
£25,000

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 : 12 June 2025
  • For Sale by Online Auction

Description

This freehold ground rent investment property consists of two flats, one on the ground floor and one on the first floor, within a two-storey semi-detached house in Beamway, Dagenham East. The flats are held on a 99-year lease from 1976, with a current ground rental of £25 per flat per annum. The leaseholders have been served with Section 5B Notices under the Landlord & Tenants Act 1987, and the responsibility to insure each flat lies directly with the respective lessees. The lessees are also covenanted to jointly pay 50% of the costs of maintaining the main structure of the building, including the foundations and roof. Viewings are available externally during daylight hours, but potential buyers should take care not to trespass on the property.