Lot 41: FREEHOLD GROUND RENTS

Sold £18,500

A detached two storey block of four self-contained purpose built flats with garages to the rear currently producing £790 per annum in total. Southview Gardens is situated in West Worthing between the seafront and Tarring Road, close to the mainline railway station and local shops.

Flats 5 and 7 are sold on 215 year leases, from 25th December 1974, each at a ground rental £250 per annum. Flats 9 and 11 are sold on 125 year leases, from 25th December 1974, at a ground rental of £40 and £250 per annum respectively.

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.