A mid-terrace property comprising seven self-contained flats. Flats 1, 3, 7 and 8 have been sold on 99 year leases, from 29th June 1990 at a current ground rent of £50 per annum each; Flats 2, 5 and 6 have been sold on 189 year leases, from 29th June 1990, at a current ground rent of £200 per annum each. There is a basement storage area at a current ground rent of £250 per annum.
The freeholder is responsible for insurance and management of the building, reclaiming the costs from the flat owners by way of a service charge. Valuable revisions of flats 1, 3, 7 and 8 in approximately 68 years.
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have reserved their rights under the legislation.