Eight Apartments in a four storey modern Development
Four sold on 999 year leases & four on 125 year leases from 29th September 2017
at a combined (rising) ground rent of £3,000 per annum
The ground rents are reviewed upward only every ten years to RPI with Time not of the Essence
THE NEXT REVIEW IS IN EIGHT YEARS
The Landlord Insures, Manages and recovers all costs due from the Lessees
Sum Insured: £1,428,300. Premium: £1,669.32. Renewal: 22nd March 2202
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 (999 year) Lease; Draft (125 year) Lease; Insurance Summary of Cover
GUIDE PRICE £75,000