This impressive semi-detached bay-fronted property is arranged over four floors as seven self-contained flats and produces £240 per annum. Three of the flats have been sold on 99 year leases at an annual ground rent of £80 per annum each and the remainder have been sold on peppercorn rents.
Flats 1A, 1B and Flat 2 all have 99 year leases from 25th March 1981, 25th March 1982 and 24th June 1980 respectively.
Flats 3 and 4 have 189 year leases from 24th June 1980 with the lease of Flat 5 for 189 years from 25th March 1980 and the lease of the Garden Flat for 198 years also from 25th March 1980.
We understand the freeholder maintains and insures the building and recovers the cost by way of a service charge.
Section 5(b) Notices under the Landlord and Tenant Act 1987 (as amended) have been served and the leaseholders have reserved their rights under then legislation.