Lot 64: FREEHOLD GROUND RENTS

Sold £7,000

A freehold block of two self-contained flats, each sold on long leases, close to Worthing town centre and seafront. Currently producing £480 per annum, both flats have been sold on 185 year leases from the 29th September 2018, each at a current ground rental of £240 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.