Lot 12: FREEHOLD GROUND RENTS

Sold £16,000

An attractive semi-detached property divided to provide four flats, each sold on a 120 year lease, from 25th December 1986 at a current ground rental of £100 per annum, rising by £50 after every 30 years of the term, plus 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.