Lot 16: FREEHOLD GROUND RENTS

Sold £25,000

A detached building converted to provide six self-contained flats each sold on a 125 year lease from 24th June 2017 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 & Tenant Act 1987 (as amended) have been served and leaseholders have not reserved their rights under the legislation.