Forty-Six stylish Apartments in a spectacular Development
sold on 250-year leases commencing from 2018 to 2020
37 at a combined (rising) ground rent of £18,200 per annum reviewed every 25 years to RPI
9 to a Housing Association at a combined (rising) ground rent income of £4,350 per annum
doubling every 25 years until the 100th anniversary of the Term
A total combined (rising) Ground Rent £22,550 PER ANNUM
The Landlord Insures, Manages and recovers all costs due from the Lessees AS ADDITIONAL RENT
Sum Insured: £16,711,094.40; Premium: £13,735.33; Renewal: 15th October 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 the Statutory time limit.
Copy documents held electronically: Residential Lease; Housing Association Lease, Insurance Summary of Cover; Ground Rent Schedule; Schedule of Purchase Prices; As Built Drawings; BBA documents; EWS1; Service Charge Budgets; Lessee Payments Schedule.
Original Developer Selling
GUIDE PRICE £521,000