Two purpose built maisonettes in a well-maintained Edwardian building
Sold on 125 year leases one from August 2014, one January 2018
At a combined (rising) ground rent of £700 per annum
The ground rents each rise by £200 every 25 years.
The Landlord insures the building recovering the premium as ADDITIONAL RENT and maintains the building envelope recovering that cost by way of service charge from the Lessees.
Sum Insured: £400,000; Premium: £451.86; Renewal Date 14th February 2019.
The Lessees cannot make any alterations without the prior written consent of the Landlord.
Section V Notices have not yet been served
Copy Documents held (electronically): Two Executed Leases; Deed of Variation; OCE’s; & Insurance schedule
Guide Price: £17,500