This property is a freehold investment consisting of two flats located in a terraced building, both with long leases. The ground floor flat's lease commenced on June 25, 1986 and runs for 99 years, with ground rent of £50 per annum for the first 33 years, £100 per annum for the next 33 years, and £150 per annum for the remaining 33 years. The first floor flat's lease also commenced on June 25, 1986 and runs for 99 years, with ground rent of £50 per annum for the first 33 years, £100 per annum for the next 33 years, and £150 per annum for the remaining 33 years. The total ground rent for both flats is £200 per annum, which is rising. According to the Auctioneers' Note, Notices have been served to the Lessees in accordance with the Landlord and Tenant Act, Section 5 (b).