The Head Leasehold interest of FIFTEEN CONVERTED APARTMENTS in a large modern Development
sold on 125-year leases from 2015
at a combined (rising) ground rent of £6,250 per annum
The ground rents double every 25 years until 2115
The Ground Rent DOUBLES in NINETEEN YEARS.
The Head Lease is held on a term of 150 years paying a Peppercorn Rent to the Freeholder (Battersea Methodist Church)
The Freeholder, Battersea Methodist Church, Insures the entire Development
Our Head Leaseholder Manages all of the internal common parts of the building and recovers all costs due from the Lessees AS ADDITIONAL RENT
Section V Notices have been Served and the Lessees did not respond in the Statutory Time Limit.
Copy documents held electronically: Head Lease, Residential Lease; Schedule of Purchase Prices: Certificates on Cladding, Cavity Wall, Colour Coating & Dry Lining; EWS1; FRA Report; Service Charge Budget 2020; Section V Notices and Title Register.
ORIGINAL DEVELOPER SELLING
GUIDE PRICE £127,000