0 Bedrooms for sale in Kensington House, Corner Hall, Hertfordshire HP3 | £ 110,000
Overview
| Price: | £ 110,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | Hertfordshire |
| Town: | Hemel Hempstead |
| Postcode: | HP3 |
| Address: | Kensington House, Corner Hall, Hertfordshire HP3 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Lot 249 - This lot is for sale by auction as lot 249 on Thursday 28th March 2019.
A Freehold Ground Rent Investment secured upon a Detached Purpose Built Block arranged to provide Twenty-Two Self-Contained Flats
Total Current Rent Reserved
£7,250 per annum
Tenure
Freehold.
Location
The property is located on the south-west side of Corner Hall. An extensive range of shops and amenities is available a short walk to the north at The Marlowes Shopping Centre. Southern and West Midlands services run from Hemel Hempstead Rail Station approximately one mile to the west. The nearby A414 affords access to both the M1 Motorway and the A41. The open spaces of Heath Park are to the west.
Description
The property comprises a ground rent investment secured upon a detached purpose built block arranged over ground and three upper floors beneath a pitched roof. The property is internally arranged to provide 22 self-contained flats.
Tenancies
Flats 4,7,9,11,14,16,18,21 and 22 are each subject to a lease for a term of 999 years (less 7 days) from and including 25th December 2014 (thus having approximately 995 years unexpired) at a current ground rent of £300 per annum. Flats 1,2,3,5,6,8,10,12,13,15,17,19 and 20 are each subject to a lease for a term of 999 years (less 7 days) from and including 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.
Seller’s Solicitor
Messrs Heald Solicitors llp (Ref: Sh). 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
Property Marketed by Allsop LLP
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