Twenty Apartments in a modern five storey Development
Sixteen are sold on individual 150 year leases from 2017
Four are sold under one intervening lease of 150 years from 2017
At a combined (rising) ground rent of £8,400 per annum
The intervening lease ground rent of £1,800 is reviewed every ten years
The sixteen are reviewed every twenty one years
All to RPI upward only
With £1,800 being reviewed in eight years
The Landlord insures, manages and recovers all costs due from the Lessees as additional rent.
Sum Insured: £3,750,000. Premium: £8,041.07 Renewal Date: 20th December 2019
The Landlord owns everything above the ceilings, below the floors and 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 electronically: executed intervening lease; executed specimen individual lease; ground rent schedule
Original Developer Selling
Guide Price: £210,000