Eight very high quality and high value Apartments in a three storey Gated Executive Development with substantial landscaped communal gardens with views across the seafront, the famed Royal Military Canal and local golf course
sold on 125 year leases from 1st January 2006
at a current combined (rising) ground rent of £5,594 per annum
The ground rents are reviewed EVERY YEAR to the Halifax Price Index
The Landlord insures, manages and recovers all costs from the Lessees as ADDITIONAL RENT
Sum Insured: £3,826,500. Premium: £1,678.96. Renewal Date: 31ST December 2019.
The Landlord owns everything above the ceilings, below the floors, the building envelope, the lift system, the roof spaces, the visitor car parking spaces and the Pergolas on and over the car parking area
and can develop as they see fit.
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have been served at £120,000
Copy documents held electronically: Executed Lease; Insurance Summary of Cover; Nationwide House Price Index since 1952 (showing an annual average over 8%); Photographic Display of Splendour.
Original Guide Price: £155,00