Lot 18: FREEHOLD GROUND RENTS

Developed in the 1990s this ground rent investment comprises 18 flats sold on long leases, with associated parking and located in a residential area of Greenhithe. Each flat has been sold on a 125 year lease, from 25th March 1994 at a current ground rent of £50 per annum.

The freeholder is responsible for the management and insurance of the building which is recovered from the lessees 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.