Lot 64: FREEHOLD GROUND RENTS

Sold £17,000

A modern development of 12 flats, each sold on 126 year lease from 24th June 1990 at a peppercorn ground rent. There is an additional 126 year lease from 18th December 1990 to Kingsgate Court Residents Association at a ground rental of £300 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.