A freehold building divided into five flats in Beckenham, an affluent and popular commuting suburb in South London, providing excellent transport and shopping facilities. Each flat has been sold on a 125 year lease from 1st January 2012 at a ground rent of £200 per annum for the remainder of the term. The leases provide for the freeholder to arrange the insurance, management and maintenance of the building, recovering the costs from the leaseholders by way of a service charge.
Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.