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055 |
| GROUND RENTS, GODWYN HOUSE, 4 GODWYN ROAD, FOLKESTONE, KENT, CT20 2LA |
Guide: £7,250 - £7,750 |
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FREEHOLD GROUND RENTS
Currently Let At: £360 Per Annum
A very attractive detached property divided into four self-contained flats, each of which have been sold on a ground lease for a term of 999 years. Flat 1 at a Ground Rent of £300 per annum, Flat 3 at a Ground Rent of £50 per annum and Flats 2 and 4 at a Ground Rent of £5 per annum each. The leases provide for the freeholder to arrange for the insurance, maintenance and management of the building and recovers the cost by way of a service charge.
Auctioneer’s Note
Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served and the leaseholders have not reserved their rights under the legislation.
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