An attractive detached property converted into seven self-contained flats. Flats A,B,C and D have each been sold on a lease for a term of 125 years, from 1st January 2006/7, at a current ground rental of £150 per annum doubling each 25 year period. Flats E,F and G have each been sold on a lease for a term of 125 years, from 1st January 2018, at a ground rental of £250 per annum.
The leases provide for the freeholder to arrange the maintenance, insurance, and management of the property recovering the cost from the leaseholders by way of a service charge.
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.