E213 High Park Street, Liverpool, Merseyside L8
Twenty-six converted apartments in a unique development
(12 x 1 bed and 14 x 2 / 3 bed)
Sold on 125 year leases from 1st August 2016
At a combined (rising) ground rent income of £8,550 per annum
The one bedroom apartments pay a ground rent of £275 per annum
The two/ three bedroom apartments pay a ground rent of £375 per annum
Twenty one of the Rents are reviewed every ten years, doubling for the first two reviews and then rising every ten years thereafter to RPI. Five of the Rents are reviewed to RPI every five years
The RPI reviews are upward only subject to a minimum rise of 2% per annum
FIVE RENTS RISE TO RPI IN TWO YEARS & TWENTY ONE RENTS DOUBLE IN SEVEN YEARS
The Landlord covenants to insure and manage, recovering costs by way of Service Charge from the Lessees AS ADDITIONAL RENT
The interest rate for arrears is 5% above the base rate
The Landlord owns everything above the ceilings, below the floors, the building envelope
and can Develop as they see fit.
Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served
ORIGINAL DEVELOPER SELLING
Guide Price: On Application
Copy documents held: Two Draft Leases; Executed Lease; OCE’s
