A freehold property situated on the corner of Ramsgate Road and The Vale, divided into 11 flats (10 leases). Flat 2 is we understand currently arranged as two flats held under one lease.
Each of the 10 leases are for a term of 125 years - six from 1st January 1990; three from 12th November 2019 and one from 31st January 2020 at various ground rental figures, some rising throughout their terms.
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.