Lot 72: HEAD LEASEHOLD GROUND RENT INVESTMENT

Sold £28,000

The substantial upper parts of a town centre property, converted to provide 14
self-contained flats, each sold on a ground lease for a term of 125 years from and including 1st January 2016, at a current ground rental of £100 per annum, doubling every 15 years.

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.

Tenure

Remainder of a 999 ground lease from and including 20th September 2015 at a peppercorn ground rental.