Lot 119: FREEHOLD GROUND RENTS

Sold £18,000

A mid-terrace property converted to provide three self-contained flats, each sold on a ground lease for a term of 99 years, from 1st April 2008, at a current ground rental of £350 per annum.

The leases provide for the freeholder to arrange the maintenance, management and insurance of the building, recovering the cost from the leaseholders by way of a service charge.

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.