0 Bedrooms for sale in Kenrith Court, St Helens Crescent, East Sussex TN34 | £ 200,000
Overview
| Price: | £ 200,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | East Sussex |
| Town: | Hastings |
| Postcode: | TN34 |
| Address: | Kenrith Court, St Helens Crescent, East Sussex TN34 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Lot 189 - This lot is for sale by auction as lot 189 on Thursday 28th March 2019.
A Freehold Ground Rent Investment
- Secured upon a Detached Building arranged to provide 41 Self-Contained Retirement Flats (7 x Two Bedroom and 34 x One Bedroom Flats)
- Ground Rent Reviewed every 25 years to 1/250th of the Capital Value of the Flat
- Total Current Rent Reserved
£14,092 per annum
Tenure
Freehold.
Location
The property is located on the north side of St Helen’s Road, to the north of its junction with Dordrecht Way. Shops and amenities are available in Hastings to the south. Local bus routes run along St Helen’s Road (A2101) and Hastings Rail Station is to the south, providing direct services to London Charing Cross Station. The A2101 provides direct access onto the A21. The open spaces of Alexandra Park are within close proximity.
Description
The property comprises a ground rent investment secured upon a detached building arranged over ground and three upper floors. The building is internally arranged to provide 41 self-contained retirement flats (7 x two bedroom and 34 x one bedroom flats).
Tenancies
Each flat is subject to a lease for a term of 999 years from 1st December 1985 (thus having approximately 965 years unexpired) at a total ground rent of £14,092 per annum.
Rights of Pre-emption
The lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.
Management and Insurance
Management and insurance is carried out by a separate Right to Manage company.
Seller’s Solicitor
Messrs bp Collins llp (Ref: Eh).Tel: Email: Emily.Halley@bpcollins.Co.Uk
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
Property Marketed by Allsop LLP
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