Lot 61: FREEHOLD GROUND RENTS - BLOCK OF 12 FLATS

Sold £22,000

A modern block of 12 flats, all sold on 999 year leases from 29 September 2006, at a current ground rental of £100 per annum.

We understand a third party manages the block and arranges for the insurance and maintenance of the development, recouping the costs from the leaseholders by way of a service charge. A copy of a sample lease will be available within the legal pack.

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.