Lot 6: FREEHOLD GROUND RENTS

Sold £7,500

This freehold building has been converted into two flats, each sold on a long lease for a term of 125 years from separate dates in 2004, at a current ground rent of £125 per flat per annum, which is due to double to £250 per flat per annum in 2029. The freeholder is responsible under the terms of the lease for the management and insurance of the building, which is reclaimed from the lessees via a service charge.

Auctioneer’s Note

Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.