Lot 2: LEASEHOLD GROUND RENT INVESTMENT

Sold £2,000

An opportunity to acquire the head leasehold investment of the top floor of this landmark building situated on St Leonards seafront.

The Head Leasehold comprises three self-contained flats each sold on sub-leases for the term of 115 years from 24th June 2008, at a current ground rental of £200 per annum doubling every 30 years throughout the term.

Head Leasehold

Sold under the terms of a 125 year lease from 13th May 2008 at the current ground rental of £250 per annum, increasing each thirty years throughout the term.

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.