Lot 13: FREEHOLD GROUND RENTS

Sold £16,000

A block of six flats, all sold on 999 year leases from 25th December 1962, two at a current ground rental of £65 per annum and four at a current ground rental of £5 per annum. We understand the freeholder is responsible for maintenance, management and insurance of the building, covering 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.