Lot 26: FREEHOLD GROUND RENTS

A detached freehold block of 11 flats and 11 garages. The 11 flats, are each sold on 999 year leases from 25 March 1964 (4 leases include a garage) plus a further 7 garages, which have been sold on separate 99 year leases from 1976.

We understand the freeholder insures, maintains and manages the block, recouping the costs from the leaseholders by way of 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.

Addendum Note

Garage 7 is sold on a 99 year lease from 29 September 1976, not 25 December 1976 as previously stated.