Lot 191
    95-101 Dartford Road
    Dartford, Kent, DA1 3EP
    Sold for £5,000.
     
    Number 1
    A Freehold Ground Rent Investment and Potential Roof Space Development Opportunity (Subject to Obtaining all Relevant Consents) Secured Upon a Two Detached Buildings of Four Flats Each (All Sold-Off) Currently Producing £225 Per Annum

    Description

    The property comprises a pair of detached purpose built blocks of four self-contained flats each arranged over ground and first floor levels.

    Tenure

    Freehold

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of Dartford Central Park are within easy reach. Transport links are provided by Dartford rail station.

    Note

    Plans have been drawn up but not submitted for the erection of two flats. Purchasers are deemed to rely on their own enquiries with regard to any possible development potential. A copy of the plans can be found within the legal pack.

    Further Information

    A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    95 Ground Not Inspected 999 years from 1st January 1969 £50
    95A First Not Inspected 999 years from 1st January 1969 £25
    97 Ground Not Inspected 999 years from 1st January 1969 £25
    97A First Not Inspected 999 years from 1st January 1969 £25
    99 Ground Not Inspected 999 years from 1st January 1969 £25
    99A First Not Inspected 999 years from 1st January 1969 £25
    101 Ground Not Inspected 999 years from 1st January 1969 £25
    101A First Not Inspected 999 years from 1st January 1969 £25
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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