E500 Dunford Street Devon PL1
Five converted Apartments in a five storey building
sold on 125 year leases from 8th March 2017
at a combined (rising) ground rent of £1,250 per annum
The ground rents are reviewed every ten years upward only to RPI with time not of the essence so if late any rent is due from the specified review date
WITH THE NEXT REVIEW IN EIGHT YEARS
(The upper Apartment occupiers the two upper floors)
The Landlord insures, manages and recovers all costs due under the lease AS ADDITIONAL RENT
Sum Insured: £796,103. Premium: £857.34. Renewal Date: 27TH April 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 were recently served and the Lessees did not respond within the statutory time limit. They were served by an abortive Purchaser who disappeared and the Developer Vendor didn’t have a copy so Notices have last week been served again!
Copy documents held electronically: Executed Lease; Insurance Summary of Cover.
Copy documents held electronically: Executed Lease; Insurance Summary of Cover.
Original Developer Selling
Guide Price: £31,250
