Lot 104: FREEHOLD GROUND RENT INVESTMENT

Sold £50,000

An end-terrace Victorian house converted into two self-contained maisonettes situated in a popular residential area of Upper Norwood, South East London. The ground floor maisonette (17A) is sold on a 99 year lease, from 25th October 1974 (approximately 45 years remaining) at a current ground rental of £15 per annum. The first floor maisonette (17) has been sold on a 99 year lease, from 24th June 1974 (approximately 45 years remaining) at a current ground rental of £15 per annum.

We understand that the lower maisonette (17A) has rights to have a TV aerial in the roof and both the lower and upper flats have rights to part rear gardens.

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.