E579: Chapel & Lennox Road, Worthing, West Sussex BN11
Thirty-Five Apartments in a Spectacular five storey Development
Sold on 125-year leases from 2019
at a combined (rising) ground rent of £5,775 per annum
The Ground Rents are reviewed every FIFTEEN years upward only to RPI.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT.
The Landlord Insures the Commercial Part.
Sum Insured: £4,370,000. Premium: 5,703.14. Renewal: 3rd December 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 5 Notices have not yet been served
Copy documents held electronically: Lease, Site Plan and Ground Rent Schedule.
Original Developer Selling
GUIDE PRICE £145,000
