Ten Purpose-built Apartments and two Ground Floor Commercial Premises in a modern detached development
sold on 999-year leases from 2009
At a combined (rising) ground rent of £3,600 per annum
The ground rents double every 25 years until 2109
The Lessee Owned Management Company manages the development
The Landlord Insures .
Sum Insured £1,267,678; Premium £4,210.99 (based on 10 months cover); Renewal Date 1st January 2021
The Landlord owns everything above the ceilings, below the floors, 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 Time Limit
Copy documents held electronically: Executed Lease, Insurance Schedule; Office Copies; Service Charge Budget.
Original Developer Selling
GUIDE PRICE £78,000