Lot 80: FREEHOLD GROUND RENT INVESTMENT

Sold £15,000

An attractive freehold block comprising eight flats all sold on 125 year leases, seven from 2006 and one from 11th January 2007, all at £50 per annum ground rent (rising).

We understand the freeholder insures, maintains and manages the block recovering the costs from the leaseholders 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.