Lot 62: FREEHOLD GROUND RENTS

Sold £7,000

This freehold building comprises two flats, each sold on long lease terms of differing lengths at a ground rent of £100 per flat, per annum.

Flat 4 is held under the terms of a 150 year lease, from 25th July 2018, while Flat 4B is sold under the terms of a 99 year lease, from 25th December 1989.

The freeholder is responsible under the terms of the leases for the management and insurance of the building which is reclaimed from the lessees via a service charge.

Auctioneer’s Note

Section 5(B) Notices under the Landlord and Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.