This freehold block comprises seven flats, four of which, (Flats 1, 3, 5 & 6), remain under their original lease terms of 99 years from 24th June 1988. The remainder (Flats 2, 7 & 4) are sold on 189-year leases from the same date.
We understand the freeholder is responsible for the insurance and maintenance of the building with the costs recoverable from the leaseholders by way of a service charge.
AuctioneerÂ’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.