Fourteen Apartments in three modern two storey blocks
Sold on 150 year leases from 1st April 2018
At a combined (rising) ground rent of £6,986 per annum
The ground rents are reviewed every 10 years upward only
in line with RPI/HPI, whichever is greater
The Landlord insures and manages
Sum Insured: £1,680,000. Premium: £1,103.26Renewal Date: 15th May 2019
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
Copy documents held: 2018 Service Charge Budget; Executed Lease; Management Contract; Insurance docs; OCE’s
Guide Price: £162,000