An established mid-terrace property converted into two flats, each sold on a ground lease for a term of 125 years from 29th September 2006 at a current ground of £100 per annum, doubling every 25-year period.
The leases provide for the freeholder to arrange for the maintenance, management and insurance 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.