Lot 21: FREEHOLD GROUND RENTS

Ground Rents - Wales
Library photograph - taken in 2016.
Sold £3,271

A freehold block of eight flats, all sold on individual leases, from various dates at current ground rents of £50 per annum each, rising throughout the terms.

Flat 1, sold on a 99 year lease from 29 May 2003. Flat 2, sold on a 99 year lease from 17 June 2003. Flat 3, sold on a 99 year lease from 5 February 2008. Flats 4 & 6 are each sold on 99 year leases from 12 November 2002. Flat 5 is sold on a 99 year lease from 10 September 2004. Flats 7 & 8 are each sold on 99 year leases from 1 September 2010.

Auctioneer’s Note

Four of the flats are held by the same leaseholder, who does not qualify and as the number of qualifying tenants does not exceed 50% of the number of flats in the building there is no requirement to issue Section 5B notices under the 1987 Landlord & Tenant Act (as amended).