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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