**For Sale by Auction on 12th Dec 2012**A Freehold Ground Rent Investment Secured Upon Two Self-Contained Flats Producing a Combined Income of £300 per annum. Guide Price = £3,000+ Tenure Freehold Location The property is situated in the popular residential area of Brighton close to local shops and restaurants and a short walk from Brighton University. Transport links are provided by London Road (Brighton) and Moulsecoomb rail stations. Description The property comprises a ground rent investment secured upon two self-contained flats within a mid terrace building arranged over ground and first floors. Tenancy Schedule
Property
Terms of Tenancy
Current Annual Rent
Flat 14
150 years from 29th September 2010
£175
Flat 16
125 years from 1st January 2005
£125
Total Current Rent Reserved £300 per annum Note S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights
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