Lot 120: FREEHOLD GROUND RENTS

Postponed

A freehold block of four flats producing a total ground rental of £175 per annum rising throughout the term.

Garden Flat 21A has been sold on a 99 year lease, from 3rd May 2019, at a current ground rental of £50 per annum. Ground Floor Flat 21B has been sold on a 99 year lease, from 14th February 1986, at a current ground rental of £25 per annum. First Floor Flat 21C as been sold on a 99 year lease, from 1st January 2016, at a current ground rental of £50 per annum and Second Floor Flat 21D has been sold on a 99 year lease, from 15th March 2016, at a current ground rental of £50 per annum.

The block has recently undergone external redecoration and is situated in a popular residential area.

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 and tenants act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.