0 Bedrooms for sale in Berkeley Court (Phase 2), Masons Hill, Kent BR2 | £ 65,000

Property Description

Lot 227 - This lot is for sale by auction as lot 227 on Thursday 14th February 2019.

A Freehold Ground Rent Investment secured upon a Purpose Built Block arranged to provide Fourteen Self-Contained Flats

Total Current Rent Reserved

£4,650 per annum

Tenure
Freehold.

Location
The property is located on the south-west side of Masons Hill, next to its junction with Hayes Lane. Local amenities are available along Homesdale Road to the north-east. Thameslink and South-Eastern services run from Bromley South Rail Station, approximately half a mile to the north-west. The A21 and A232 are nearby. Norman Park Recreation Ground is to the south.

Description
The property comprises a ground rent investment secured upon a purpose built block arranged over ground and two upper floors beneath a pitched roof. The property is internally arranged to provide 14 self-contained flats.

Tenancies
Flats 16,17,20,22 and 25 are each subject to a lease for a term of 999 years (less 7 days) from 25th December 2014 (thus having approximately 995 years unexpired) at a current ground rent of £300 per annum.Flats 18,19,21,23,24 and 26-29 are each subject to a lease for a term of 999 years (less 7 days) from 25th December 2014 (thus having approximately 995 years unexpired) at a current ground rent of £350 per annum.

Rights of Pre-emption
Prior to the auction, a management company lease will be granted and there will be no rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Management and Insurance
There is a management company which is party to each lease. Prior to the auction, a management company lease will be granted and the management company will have the right to manage and insure.

Note
The photography is of Phases 1 and 2. Phase 2 is the part in the photograph to the left hand side of the central white rendered tower with the Berkeley Court name on it.

Seller’s Solicitor
Messrs Heald Solicitors llp (Ref: Shabnum Hussain). Tel: Email: Shabnum.Hussain@healdlaw.Com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Property Location

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