A freehold ground rent investment comprising three flats. Flat 1 has been sold on a 125-year lease, from 1st January 2009 and Flats 2 & 3 have been sold on 125-year leases from 1st January 2008 each at a current ground rent of £175 per annum, rising by £175 per annum every 25 years.
We understand the Seller insures the building but does not currently have a service charge in place.
Auctioneer's Note
Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.