AUCTION - Barnett Ross
AUCTION - Barnett Ross
AUCTION - Barnett Ross
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Photograph taken September 2009<br />
LOTS<br />
53 & 54<br />
Flats 21–24 & 13–16 Tivoli Gardens<br />
Windmill Street, Gravesend<br />
Kent, DA12 1LF<br />
6 WEEK COMPLETION<br />
To Be Offered As<br />
2 Separate Lots<br />
Lot 54 – Flats 13 to 16<br />
SITUATION<br />
Located close to the junction with Portland Road, Tivoli<br />
Gardens is accessed via stairs from Windmill Street and<br />
lies less than 1 mile from the town centre.<br />
Note 2: Freeholder manages and insures. Current<br />
management Fee £400 pa for each Lot. Current sum<br />
insured for Lots 53 and 54 combined is £704,497 and<br />
current combined premium £1,638.85.<br />
PROPERTIES<br />
Two blocks each comprising 4 Self Contained Flats<br />
arranged over Ground and First Floors. In addition, each<br />
block benefits from a Rear Garden.<br />
VAT is NOT payable in respect of these Lots.<br />
FREEHOLD<br />
Note 1: In accordance with S.5B of the Landlord & Tenant<br />
Act 1987, Notices were served on the lessees. In respect<br />
of Lot 53 (Flats 21–24) the lessees have reserved their<br />
rights of first refusal. In respect of Lot 54 (Flats 13–16)<br />
the lessees have not reserved their rights of first<br />
refusal. These lots cannot be sold prior to auction.<br />
Lot 53 – Flats 21 to 24<br />
TENANCIES & ACCOMMODATION<br />
Lot Property Lessee Term Ann. Excl. Rental Remarks<br />
Lot 53<br />
Reserve Below<br />
£30,000<br />
Lot 54<br />
Reserve Below<br />
£25,000<br />
Nos 21–24<br />
(4 Flats)<br />
Various<br />
Each 99 years from<br />
25th March 1976 £160<br />
Each FRI by way of service charge.<br />
Rents rise to £240 pa in 2042<br />
Valuable Reversions in approx 65 1 ⁄2 years<br />
Each FRI by way of service charge.<br />
Rents rise to £180 pa in 2042<br />
Valuable Reversions in approx 65 1 ⁄2 years<br />
FRI by way of service charge.<br />
Rent rises to £40 pa in 2032 and £60 pa in 2065<br />
Nos 13, 14 & 15<br />
(3 Flats)<br />
Various<br />
Each 99 years from<br />
25th March 1976<br />
£120<br />
No. 16<br />
(1 Flat)<br />
Individual<br />
99 years from<br />
30th June 1999 £20<br />
TOTAL £140<br />
68<br />
The Surveyors dealing with these properties are<br />
JOHN BARNETT and NICHOLAS BORD<br />
VENDOR’S SOLICITORS<br />
Macrory Ward, 27 Station Road, New Barnet, Herts EN5 1PW<br />
Tel: 020 8440 3258. Ref: Ms Martina Ward<br />
FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE<br />
The successful Buyer will be liable to pay the Auctioneers an administration<br />
fee of £250 (including VAT) upon exchange of contracts
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