E359: Clarence Walk, Jeffreys Road, Lambeth, London SW4

E359: Clarence Walk, Jeffreys Road, Lambeth, London SW4

Nine purpose built Apartments

Sold on 125 year leases from 29th September 2013

At a combined (rising) ground rent income of £2,950 per annum

The ground rents double every twenty five years

The Landlord covenants to insure, manage and recover costs by way of service charge, AS ADDITIONAL RENT, from the Lessees

Sum Insured: £1,250,000; Premium: £1,405.39; Renewal Date: 27th November 2018

There is a Photovoltaic Panel on the roof which benefits from an agreement until 11th January 2036 under the government feed – in – tariff scheme producing around £600 per annum

Thus currently producing a combined income of around £3,550 per annum

The Lessees covenant not to make any alterations or additions without the prior written consent of the Landlord

The Landlord retains ownership of everything above the ceilings, everything below the floors, the entire building envelope as well as all internal and external common parts and has the full and free right at any time to develop any part of the Property as they may think fit.

Section V Notices have been served and the Lessee’s did not respond in the statutory time limit

Copy documents held electronically: Estimated Service Charge Expenditure; Draft Lease; Vendor Company Details

GUIDE PRICE: £90,000