Lot 6: FREEHOLD GROUND RENTS

Sold £15,500

An attractive semi-detached property situated in Trinity Road, which lies off Bouverie Road West.

The building is divided into three flats, all of which have been sold on 999 year leases, from 25th March 1959. Flat A has a current ground rental of £195 per annum, increasing by £75 every 21 years (next increase to £270 per annum due in March 2025). Flat B has a current ground rental of £195 per annum increasing by £50 per annum every 21 years (next increase to £245 per annum due in March 2025) and Flat C has a current ground rental of £75 per annum.

The leases provide for the freeholder to insure, maintain and manage the block recovering the cost 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.