Lot 26: FREEHOLD GROUND RENTS

Sold £37,000

A large semi-detached property converted to five self-contained flats situated close to the busy town centre.

Flat A has been sold on a 99 year lease, from 6th September 1974, at a current ground rental of £100 per annum; the garden flat has been sold on a 125 year lease, from 25th March 2017, at a current ground rental of £225 per annum; Flat B has been sold on a 125 year lease from 1st March 2007 at a current ground rental of £100 per annum; Flat C has been sold on a 99 year lease, from 26th January 2005, at a current ground rental of £100 per annum and Top Floor Flat D has been sold on a 125 year lease, from
25th March 2017, at a current ground rental of £225 per annum, rising by £225 per annum every 25 years.

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.