Freehold Ground Rents for Auction Gillingham ME7
Guide Price:
£40,000 - £45,000
Auction Date:
23/07/2026
Property Types
Currently let at £1,085.75 per annum. A terrace of four properties which was converted into nine self-contained flats in the early 1990s. Each flat has been sold on a long lease sold interest. The lease is for Flats 8, 10, 10A, 12, 12A and 14 and are each for a term of 99 years from 25th March 1991 and contain a rent review provision for the ground rental to be increased on every sale of the flat (assignment or transfer) by an amount which is 0.5% of the difference between price the flat is sold for and the original sale price in 1991.
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