The Freehold Reversionary Interest of five two bedroom recently converted Apartments
To be sold on 125 year leases from 2017
at a combined (rising) ground rent of £1,495 per annum
THE GROUND RENTS WILL BE REVIEWED EVERY 5 YEARS IN LINE WITH RPI, UPWARD ONLY
The Landlord will insure and manage the building recovering costs by way of Service Charge from the Lessees.
ALL COSTS WILL BE RECOVERABLE AS ADDITIONAL RENT
The Development is situated in a very sought after location overlooking The Park
One flat sale has been agreed and the remaining four are expected to be swift
The Vendor is looking for a buyer to exchange contracts before selling half of the flats to negate the need for Section V Notices
The Purchaser of this Freehold Reversion will be invited to join in the drafting of the five new leases, under the strict arbitration of GRB.
Copy documents held: Office Copies; Floor Plans