Lot 55: FREEHOLD GROUND RENTS

Sold £20,000

A freehold terrace block divided into five flats each sold on 125 year leases from 1st January 2013. Flat 1, Flat 2 and Flat 3 have current ground rentals of £250 per annum while Flat 4 and Flat 5 have current ground rentals of £350 per annum.

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.