Lot 75: FREEHOLD GROUND RENTS

A freehold ground rent investment comprising ground floor commercial premises sold on a long lease for a term of 999 years, from 2nd August 2007, at a peppercorn ground rental, along with residential accommodation over the first and second floor sold on a long lease for a term of 125 years, from 25th March 2004, at a current ground rental of £100 per annum.

The block is located in a prominent position within Eastbourne town centre and is suitable for continued investment.

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.