Lot 58: FREEHOLD GROUND RENTS

Sold £19,000

An attractive detached property divided to provide four flats. The basement flat (Flat 1) has been sold on a 99 year lease, from 24th June 2010, Flats 2 and 4 are each sold on 99 year lease, from 25th March 1988. The current ground rents are £50 per annum with reviews at either 30 or 33 years (2020/2021 rising to £75 per annum each).

The first floor flat (Flat 3) is sold on a 129 year lease from 25th March 1988 at a current ground rent of £75 per annum (rising).

Auctioneer’s Note

Section 5(b) Notices under the Landlord & Tenant 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.