Lot 97: FREEHOLD GROUND RENTS

Sold £22,000

A semi-detached bay fronted building arranged as three self-contained flats situated in the London Borough of East Dulwich.

The ground floor flat (47A), has been sold a 99 year lease from 25th December 1984 at a current ground rental of £100 per annum doubling every 33 year years; the first floor flat (47B), has been sold on a 189 year lease from 25th March 1983 at a peppercorn ground rent and the second floor flat (47C) has been sold on a 189 year lease from 25th March 1981 also at a peppercorn ground rent.

We understand the freeholder insures, manages and maintains the block recovering the costs from the leaseholders by way of a service charge.

Auctioneer’s Note

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