Lot 110: FREEHOLD GROUND RENTS

Sold £6,950

A freehold block of four flats producing a total ground rental of £200 per annum. rising throughout the term.

Garden Flat (21A) has been sold on a 99 year lease from 15th March 2016, at a current ground rental of £50 per annum; ground floor flat (21B) has been sold on a 99 year lease from 15th March 2016, at a current ground rental of £50 per annum; first floor flat (21C) as been sold on a 99 year lease from 1st January 2016, at a current ground rental of £50 per annum and the second floor flat (21D) has been sold on a 99 year lease from 15th March 2016, at a current ground rental of £50 per annum.

The block has recently undergone external redecoration and is situated in a popular residential area.

The leases provide for the freeholder to insure and repair the building recovering the costs from the leaseholders by way of a service charge.

Auctioneer’s Note

Section 5(b) Notices under the landlord and tenants act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.