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
GUIDE PRICE £127,200