Lot 23: FREEHOLD GROUND RENTS

Sold £4,500

Developed in the 1990s this ground rent investment sale consists of three flats and associated parking in a residential area of Sevenoaks. Each flat is sold on a long lease for a period of 125 years, from 25th March 1994, at a current ground rent payable 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.