E629: Union Road, New Mills, High Peak, Derbyshire SK22
Four houses and Five Apartments in a charming development converted from a Public House held on both a Freehold and Leasehold Title comprising the main building and annexe
sold on long leases (827 – 867 years) from 2019
at a combined (rising) ground rent income of £1,588 per annum
The ground rents are reviewed every 10 years to RPI/HPI
NEXT REVIEW IN SEVEN YEARS
The Lessee Owned Management Company Insures and Manages the Development.
The Lessees covenant to make no alterations without prior written consent of the Landlord.
The Landlord retains ownership of everything above the ceilings, below the floors
and can Develop as they see fit
Section V Notices have been served. The Lessees did not respond in the Statutory Time Limit
Copy Documents Held: Executed Lease for Flat 5, Leases dated 1847 & 1885, Freehold OCE and Title Plan, Head Leasehold OCE and Title Plan, Ground Rent Schedule, Insurance Summary of Cover, Brochure
Original Developer Selling
GUIDE PRICE: £31,580