Lot 13: FREEHOLD GROUND RENTS

Sold £34,000

An attractive property converted to provide three self-contained units.

The ground floor garden flat has been sold on a 99 year lease, from 16th February 2006, at a current ground rent of £245 per annum. The ground rent increases by £75 every 21 years, the next increase, to £320, is due in September 2026.

The first floor flat (Flat 2) has been sold on a 99 year lease, from 25th March 1975, at a current ground rent of £245 per annum. The ground rent increases by £75 every 21 years, the next increase, to £320, is due in March 2025.

The second floor flat (Flat 3) has been sold on a 99 year lease, from 19th July 2017, at a current ground rent of £350 per annum. The ground rent increases by £245 every 21 years and the next increase, to £595, is due in September 2039.

The leases provide for the freeholder to insure and repair the building 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 the leaseholders have not reserved their rights under the legislation.