Located in a residential area of Billericay, Chapel Court is purpose built comprising twenty-four flats being a mix of one-bedroom and four-bedroom split level properties. The flats are ideally situated for commuters being very close to Billericay's mainline railway station offering direct services to London, the town centre with its array of shops, restaurants, cafés and further amenities. We understand the freeholder is responsible for the maintenance, management and insurance of the building recovering the costs from the leaseholders by way of a Service Charge all handled by a Managing Agent. Flat 2 Tenure Remainder of 137-year lease from 1972 currently let at ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2026, increasing to £500 per annum on 23rd June 2069 for the remainder of the term. Flat 4 Tenure Remainder of 189-year lease from 29th September 1984 currently let at a peppercorn ground rental. Flat 6 Tenure Remainder of 153-year lease from 29th September 1972 currently let at a peppercorn ground rental. Flats 8, 10 & 40 Tenure Remainder of 189-year leases from 29th September 1972 each currently let at a peppercorn ground rental. Flat 12 Tenure Remainder of 99-year lease from 23rd August 2011 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 22nd August 2044, increasing to £500 per annum on 22nd August 2077 for the remainder of the term. Flats 14, 20, 24 28, 36 & 38 Tenure Remainder of 99-year leases from 29th September 1972 each currently let at a ground rental of £30 per annum. Flat 16 Tenure Remainder of 99-year lease from 26th July 2013 currently let at a ground rental of £250 per annum, increasing to £500 per annum on 25th July 2045, increasing to £750 per annum on 25th July 2078 for the remainder of the term. Flats 18 & 32 Tenure Remainder of 189-year leases from 29th September 1972 each currently let at a peppercorn ground rental. Flat 22 Tenure Remainder of 137-year lease from 29th September 1972 currently let at a ground rental of £200, increasing to £400 per annum on 23rd June 2036, increasing to £500 per annum on 23rd June 2069 for the remainder of the term. Flat 26 Tenure Remainder of 189-year lease from 29th September 1972 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2036, increasing to £500 per annum on the 23rd June 2069 for the remainder of the term. Flat 30 Tenure Remainder of 227-year lease from 29th September 1974 currently let at a peppercorn ground rental. Flat 34 Tenure Remainder of 154-year lease from 29th September 1974 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2036, increasing to £500 on 23rd June 2069 for the remainder of the term. Flat 42 & Flat 44 Tenure Remainder of 137-year leases from 29th September 1972 each currently let at ground rental of £200 per annum, each increasing to £400 per annum on 23rd June 2042, each increasing to £500 on the 23rd June 2075 for the remainder of the term. Flat 46 Tenure Remainder of 156-year lease from 29th September 1972 currently let at a peppercorn ground rental. Flat 48 Remainder of 163-year lease from 29th September 1972 currently let at a ground rental of £200 per annum, increasing to £400 per annum on 23rd June 2043, increasing to £500 on the 23rd June 2076 for the remainder of the term. Auctioneer's Note Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the Legislation.