Currenlty listing 998 upcoming property auctions in the UK
Lot 25 - Freehold Ground Rents
Address
See address
Auction date
12 Jun 2025
Guide price
£4,500
Type
Other
Tenure
Freehold
EPC Rating
Unknown
Status
Ended
Description
This investment opportunity consists of a purpose-built, two-storey detached building divided into four self-contained maisonettes. Each flat includes a designated section of garden and garage. Located approximately 1.3 miles from Rayleigh railway station, with the High Street offering various shops, bars, and restaurants.
- Flats 47 and 49 are on 99-year leases starting from June 2021 and September 2018 with annual ground rentals of £200 each.
- Flat 43 is on a 199-year lease from March 1969 at an annual ground rent of £12.60.
- Flat 45 holds a 999-year lease from March 1969 at nil ground rent.
- The freeholder covers insurance and maintenance costs, which are recoverable from leaseholders.
Last update: 09 Jun 2025
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