Four converted Apartments
Sold on 125 year leases from 29th September 2016
At a combined (rising) ground rent of £1,000 per annum
The ground rents double every 25 years
The Landlord insures, manages and recovers all costs from the Lessees AS ADDITIONAL RENT
Sum Insured: £714,150. Premium: £2,278.05 Renewal Date: 28th March 2019
The Landlord owns everything above the ceilings, including the loft space, 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 been served and the Lessees did not respond within their statutory time limit.
Copy documents held electronically: Four executed leases; planning consent; building sign off; Insurance Summary of Cover; specimen Section V Notice
BUYER MUST COMPLETE IN FEBRUARY
Original Developer Selling
Guide Price: £20,000 + GRB Fees