Two Converted Apartments in a period mid-terrace:
The Ground Floor Flat is sold on a 99 year lease from 25th March 2017
at a ground rent of £300 per annum, rising by £300 every 25 years
The First Floor Flat has an extra room in the roof is sold on a 125 year lease from the 25th March 2017
at a ground rent of £300 per annum, doubling every 25 years
Thus producing a combined (rising) ground rent of £600 per annum
Two Leases have 95 years Remaining.
The Landlord Insures, Manages and recovers all costs due from the Lessees
Sum Insured: £519,245; Premium: £510.73; Renewal 12th June 2022.
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 V Notices have not yet been served
Copy documents held electronically: Executed Lease for both Apartments; Insurance Summary of Cover.
GUIDE PRICE £15,000