Six Apartments in a Purpose Built Block
originally sold on 99 year leases from 1st January 1986
now at a combined (rising) ground rent of £320 per annum
One ground rent of £200 rises every ten years to RPI
One is at a peppercorn, the other four are fixed throughout the term.
FOUR OF THE LEASES HAVE 66 YEARS REMAINING
A one bed was extended in March 2018 at a premium of £11,325.
The Landlord insures and manages
Sum Insured: £1,105,000. Premium: £737.64. Renewal Date: 11th September 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 lease; Insurance Summary of Cover; Picture Gallery of Development.
Guide Price: £40,000