Lot 25: FREEHOLD GROUND RENTS

Postponed

An end-terrace property converted into four self-contained flats. The basement and ground floor flats have each been sold on a ground lease for a term of 99 years, from 1st September 1977, at a current ground rental of £20 per annum, rising throughout the term. The first floor flat is sold on a ground lease for a term of 125 years, from 30th November 2018, at a current ground rental of £50 per annum and the second floor flat has been sold on a ground lease for a term of 99 years, from 1st January 2004, at a ground rental of £100 per annum.

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.