E557 The Steyne, Bognor Regis, West Sussex PO21
Nine Converted Apartments in a detached Listed Development
sold on 125 year leases from 29th September 2018
at a combined (rising) ground rent of £1,350 per annum
(£150 per Apartment)
with the ground rents increasing by £75 every twenty years
The Landlord Insures, Manages and recovers all costs due from the Lessees
Sum Insured: £1,868,760. Premium: £1,562.03. Renewal: 18th January 2020
The Landlord owns everything above the ceilings, below the floors, the Common Parts and the building envelope
and can Develop as they see fit.
The 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;
Office Copy Entries
Original Developer Selling
Guide Price: £34,000