Lot 30: FREEHOLD GROUND RENTS

Sold £32,000

A detached property arranged as four self-contained flats all sold on long leases. The property is currently producing £415.76 per annum and located in a popular residential area of Carshalton.

The ground floor maisonette, Flat 1 has been sold on a 99 year lease from 29th September 1964 at a current ground rental of £15.76 per annum. Flat 2 has been sold on a 125 year lease from 25th December 2007 at a current ground rental of £175 per annum. Flat 3 has been sold on a long lease from 29th September 1964 to and including 28th September 2179 at a current ground rental of £50 per annum and flat 4 has been sold on a 224 year lease from 29th September 1964 at a current ground rental of £175 per annum.

We understand that 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.