Lot 13: FREEHOLD GROUND RENTS

Sold £19,000

A mid-terrace building converted to provide three self-contained flats situated in a popular residential area opposite Alexandra Park in Hastings. The ground floor flat is sold on a 125 year lease from 4th November 2016 at a current ground rental of £250 per annum, the first floor flat is sold on a 189 year lease from 25th March 1980 at a current ground rental of £250 per annum and the second floor flat is sold 125 year lease from 31st January 2018 at a current ground rental of £250 per annum.
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.