Flat 1 Blythe Court is up for auction with Barnard Marcus on February 2 in central London with a guide price of £65,000.
Sir Peter Bottomley, Conservative MP for Worthing West and a patron of LKP, believes that “essential information of penal ground rent provisions that make the premises worthless” is being withheld from would-be purchasers.
The veteran MP says that the Paines’ deed of variation for the property, which would include the provision of backdating the ground rent terms to 1961 and then doubling them every 10 years, is missing from the legal documents provided to the auctioneers.
The ground rent for this flat is currently £8,000 a year.
Barnard Marcus is urged to withdraw this lot from the sale and inform the “appropriate authorities”.