Ground Rents Kent ME12 £20,000 – £22,000

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Auction date: Tue, 24/03/2020 - 11:00

An attractive corner block converted into seven flats, four of which have been sold on 99 year leases, from 1st December 1992, at a current ground rental of £75 per annum each rising throughout the term. One flat has been sold on a 189 year lease, from 1st December 1992, at a ground rental of £75 per annum rising throughout the term and a further two have been sold on year leases expiring in 2170, at a current ground rental of £150 per annum.  We understand the freeholder maintains and insures the building and recovers the costs from the leaseholders by way of a service charge.

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lease reversion sheerness ME12 kent for sale buy to let portfolio selling property investment property auction property landlord

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