E361: The Causeway, Worthing, West Sussex BN12
Seventy-two Apartments in a spectacular Development
sold on 125-year leases from 1st November 2015
at a combined (rising) ground rent of £12,300 per annum
The Ground Rents double every 25 years.
The Ground Rents double in nineteen years.
The Landlord Insures, Manages and recovers costs as ADDITIONAL RENT
Sum Insured: £12,500,000. Premium: £12,899.41. Renewal: 5th February 2022
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit.
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
Copy documents held: Executed Lease; Ground Rent Schedule; Accommodation Schedule; Vendor Company Details; Insurance Summary of Cover.
ORIGINAL DEVELOPER SELLING
GUIDE PRICE: £310,000
