This substantial block in the centre of Plymouth comprises 25 flats, all of which are sold on 125-year leases from 24th of June 2006. Each of the flats pay £100 per annum ground rent, with the ground rent rising throughout the term.
We understand the leases provide for the freeholder to insure, maintain and manage 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 this legislation.