Lot 28: FREEHOLD GROUND RENTS

Sold £27,000

A modern development of 29 flats each sold on a 199 year lease from 29th September 1992 at a peppercorn ground rental. There is an additional 199 year lease from 29th September 1992 for common areas to Cypress Court Residents Association at a ground rental of £1,450 per annum.

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.