Ground Rents for Auction Cheltenham GL50

Guide Price £8,000 - £10,000. A purpose-built modern block of four flats and associated parking. Each flat has been sold on a long leasehold interest of 250 years from 1st January 2006. The current ground rent payable is £100 per annum per flat. The leases provide for the freeholder to arrange for maintenance, management and insurance of the building, recovering the costs from the leaseholders by way of a service charge.