E447 Colliers Wood High St SW19
A stunningly striking six storey main building and a smaller three storey block
developed by long-standing clients of GRB whose quality of build is not only to an exceptionally high standard, it is also quite exquisite, attracting the highest calibre of Tenant
The five upper floors of the main building comprise fifty four Apartments sold on 250 year leases from 25th March 2017 at a combined (rising) ground rent £26,200per annum
RISING EVERY TEN YEARS TO RPI upward only
The entire extensive ground floor is sold on two commercial leases for 999 years at a peppercorn rent
The Landlord covenants to insure and manage the building envelope and communal areas of all six floors, recovering costs by way of Service Charge from all fifty six Tenants
with all costs to the Landlord recoverable as ADDITIONAL RENT
Sum insured £11,845,000; Premium £19,628.11; Renewal date 11th September 2019
Lessees cannot make any alterations without prior written consent of the Landlord
The Landlord retains ownership of everything above the ceilings, below the floors, the entire building envelope and all common parts and can develop as they see fit
The 3 storey attached block comprises 6 Apartments sold to a Housing Association as Affordable Units at peppercorn ground rents with the Housing Association managing and insuring the 6 Apartments
Section V Notices have not yet been served
Copy documents held electronically: Two executed leases (one residential, one commercial); Insurance Summary of Cover; OCE’s and Ground Rent Schedule to main building
Original Developer Selling
Guide Price: £735,000
