Lot 7: FREEHOLD GROUND RENTS

Sold £30,000

A detached property converted to provide four self-contained flats, each sold on a ground lease for a term of 125 years, from 1st November 2016, at a current ground rental of £349 per annum with rent reviews every five years in line with the Retail Price Index.

We understand the leases provide for the freeholder to maintain, manage and insure the building recovering the costs from the leaseholders by way of a service charge.

Auctioneer’s Note

Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.