Lot 57: FREEHOLD GROUND RENTS

Sold £18,500

A semi-detached property converted into two self-contained flats, each sold on a 99 year lease from 25th March 1988. The ground floor flat has a current ground rental of £52 per annum and the first floor flat has a current ground rental of £52 per annum.

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.