Thirteen converted Apartments in this truly historic five storey Grade II listed corner Building
to be sold on 250 year leases from 2019
at a combined (rising) ground rent of 0.1% of GDV circa £1,700 per annum
The ground rents are REVIEWED UPWARD ONLY TO RPI EVERY TEN TEARS from 2019
with Time Not of the Essence thus late reviews back dated to the Review Date,
The Landlord covenants to Insure, Manage and recovers all costs AS ADDITIONAL RENT
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.
This dramatic Conversion is in its early stages with PC anticipated December 2019. The Purchaser will be required to exchange contracts in a timely manner to negate the need for Section V Notices and will also agree to instruct a local Managing Agent at GRB’s direction.
This Developer’s Local Reputation is Sacrosanct.
Copy documents held electronically: OCE & Plan
Original Developer Selling
Guide Price: £40,000 + Agency Fees