E579 Chapel Road and Lennox Road, Worthing, West Sussex BN11

Thirty two Apartments in a Spectacular five storey Development

sold on 125 year leases from 2019

at a combined (rising) ground rent of £5,300 per annum

The ground rents are reviewed every fifteen years upward only to RPI

With a 2,400 sq ft ground floor Commercial Part

likely to be sold on a 999 year lease at a peppercorn

 

The Landlord Insures the entire Development, Manages and recovers all costs due from the Lessees AS ADDITIONAL RENT

The Landlord owns everything above the ceilings, below the floors and the building envelope

and can Develop as they see fit.

 

Lessees cannot alter their premises without the written consent of the Landlord.

In Mid Sale of Apartments.

The Purchaser will exchange contracts in short order to negate the need for Section V Notices

Copy documents held electronically: Site Plans

Original Developer

Selling

 

GUIDE PRICE £127,200