Ground Rents, Brooklands, Queens... Property for sale

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Ground Rents, Brooklands, Queens... Property for sale

Ground Rents, Brooklands, Queens Road, Freshwater, Isle Of Wight
£20,000

Our Summary

  • Important:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
  • Auction Date : 11 December 2025
  • For Sale by Online Auction

Description

This property is a freehold block of 14 apartments located in the town centre of Freshwater, situated on the corner of Queens Road and School Green Road. The apartments are sold under 125-year leases from 2008, with a current ground rental of £100 per annum. The freeholder is responsible for maintaining and managing the property, recovering costs from the leaseholders through a service charge. It's worth noting that Section 5B Notices have been served to the leaseholders, giving them the opportunity to reserve their rights under the Landlord & Tenant Act 1987, but they have not done so.