Lot 59: FREEHOLD GROUND RENTS

Sold £24,000

Located in the West End of Folkestone is this attractive freehold building converted to provide six flats, all sold on 125 year leases, five from 1st January 2006 and one from 28th November 2006. We understand there is a single off-road parking space and a cellar which do not form part of the Leasehold Titles.

The leases provide for the freeholder to insure, repair and maintain the property, 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 reserve their rights under the legislation.