Twenty-five Luxury Apartments in a spectacular and well located six-storey Development
sold on 126 year leases from 2017
At a combined (rising) ground rent of £11,325 per annum
The ground rents are reviewed every 25 years to RPI, upward only
with any delayed reviewed Rent being due from the Covenanted Review Date
The Landlord Insures, Manages and recovers all costs due from the Lessees AS ADDITIONAL RENT
Sum Insured: £8,100,000. Premium: £6,992. Renewal: 8th August 2021
The Landlord owns everything above the ceilings, below the floors 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 been served and the Lessees did not respond within their Statutory Limit.
Copy documents held electronically: Office Copy Entries; Executed Lease; Insurance Summary of Cover; Service Charge Budgets; Marketing Brochure & a Schedule of Purchase Prices; EWS1; Fire Risk Assessment.
Original Developer Selling
GUIDE PRICE £272,000